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Russia's Gazprom says launch of Baltic LNG postponed until 2022-2023

Reuters - UK Focus

MOSCOW, March 10 (Reuters) - Russian gas giant Gazprom has postponed the launch of its Baltic liquefied natural gas (LNG) plant in the Leningrad region until 2022-2023, it said in a prospectus for a Eurobond issue, a copy of which was obtained by Reuters on Friday.

The company may revise the commissioning date after the project documentation is complete, Gazprom said.

In June 2016, it signed a memorandum of understanding on the project with oil major Royal Dutch Shell (LSE: 0LN9.L - news) , according to which Gazprom said it planned to build the plant by the end of 2021. (Reporting by Oksana Kobzeva; Writing by Polina Devitt; Editing by Andrew Osborn)