Linde secures Russian LNG plant contract

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Linde secures Russian LNG plant contract

The Linde Group has recently been selected by Gazprom and Project EPC contractor SRDI Oil & Gas Peton as the licenser for a mid-scale liquefied natural gas (LNG) production, storage and shipment complex in Portovaya, located in Russia at the Baltic Sea. The plant will liquefy natural gas coming from the nearby compressor station which is part of Gazprom’s Nord Stream pipeline.

“Gazprom’s Portovaya LNG Project, which was jointly developed with the Russian engineering holding Peton, is of utmost importance for us as it represents another milestone for the successful strategic cooperation between Gazprom and Linde in the area of cryogenic natural gas processing and liquefaction,” said Professor Dr Aldo Belloni, Chief Executive Officer of Linde AG. “With a yearly capacity of around 1.5 million tons of LNG, the plant fits very well into Linde’s LNG plant portfolio, bridging the gap between small- and world-scale LNG projects.”

LNG plant Stavanger Norway. Retouched version of ID: 58349 for the LE image brochure 2016

The plant will use Linde’s LIMUM® technology, a multi-stage mixed refrigerant process achieving best-in-class energy efficiency, applying its proprietary coil wound heat exchangers. Under the contract with Peton, Linde will perform basic engineering for the process plant and supply the equipment and related bulk material for the cryogenic units of the plant. Both companies are already successfully cooperating on other projects like the Amur Gas Processing Plant (Amur GPP), located in the far east of Russia.

Linde’s Engineering Division has world-class experience across the entire natural gas processing chain, from proprietary process technology to manufacturing specialised, tailor-made cryogenic equipment. This know-how is complemented by Peton’s experience in the design and construction of turnkey projects on the territory of Russia.

About The Linde Group

In the 2015 financial year, The Linde Group generated revenue of EUR 17.944 bn, making it one of the leading gases and engineering companies in the world, with approximately 65,000 employees working in more than 100 countries worldwide. The strategy of The Linde Group is geared towards long-term profitable growth and focuses on the expansion of its international business with forward-looking products and services. Linde acts responsibly towards its shareholders, business partners, employees, society and the environment in every one of its business areas, regions and locations across the globe. The company is committed to technologies and products that unite the goals of customer value and sustainable development.

Source: www.the-linde-group.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.