Gazprom Pererabotka Blagoveshchensk and Gazprom completed the signing of project finance documentation for the construction of the Amur Gas Processing Plant (GPP).
The total amount of debt financing is
Fourteen banks from
Financing on the part of Chinese banks is arranged by
The Russian banks – Gazprombank,
In terms of size, this deal has no precedence in the history of Gazprom and is among the largest project financing deals in
“The Amur GPP will become one of the largest gas processing plants in the world. Its construction is well underway: as of today, the project is 54 per cent complete.
The signing of project finance documentation is a landmark event for this project. Now, the project enjoys support from our long-standing and reliable partners from
I am convinced that this transaction will become the foundation for the strengthening and development of mutually beneficial cooperation in Gazprom's key financial markets over the long term,” said
The construction site of the Amur GPP is located near the town of Svobodny in the
The plant will have a design capacity of 42 billion cubic meters of gas per year. The GPP will include the world's largest helium production facilities.
The plant comprises six production lines, with the first two lines slated for commissioning in 2021. The remaining lines will be consecutively put in operation before the end of 2024. The GPP is expected to reach its design capacity by 2025.
In addition to sales gas and helium, the GPP will produce ethane, propane, butane, and pentane-hexane fraction.
Gazprom Pererabotka Blagoveshchensk (part of the
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– Total amount borrowed:
– Financing is provided by 22 banks from
– Unprecedented deal in Gazprom's history and one of