June 19, 2015 [PortNews IAA] - The sale of LPG terminal (Ust-Luga, Leningrad Region) owned by the Russian petrochemical holding SIBUR is at the “advanced” phase, Director General of SIBUR Dmitry Konov told IAA PortNews at the St. Petersburg International Economic Forum (SPIEF).
According to him, the Group hopes to complete the transaction in the nearest time. Dmitry Konov underlined that the guarantee of transshipment volumes for SIBUR is the obligatory condition of the sale.
He said the company had to build the terminal due to absence of similar terminals in the region and the sale was planned in the very beginning.
Director General of SIBUR also noted that the company is not going to invest in port infrastructure.
The terminal was launched in June 2013. Its design capacity is 4 mln t per year including 1.5 mln t of LPG and 2.5 mln t of light oil products. Investments into the project total RUB 25 bln.
