By James Marson and Andrey Ostroukh
MOSCOW--Russian state gas company OAO Gazprom (GAZP.RS) is
postponing construction of a liquefied natural gas plant in
Russia's far east, its chief executive said Friday, as the company
focuses its efforts on delivering more gas to China via
pipelines.
Vladivostok LNG was intended to boost Russia's sales to Asia by
increasing its share of the LNG market, where it lags competitors.
But Alexei Miller said Friday that it was no longer a priority.
"Vladivostok LNG isn't on the list of priority projects and
isn't on the list of projects that will be carried out in the near
future," he told reporters.
The proposed plant on Russia's Pacific Coast was supposed to
launch in 2018 with a capacity reaching 15 million metric tons of
LNG a year.
Write to James Marson at james.marson@wsj.com and Andrey
Ostroukh at andrey.ostroukh@wsj.com
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