UST-LUGA LPG TRANSSHIPMENT TERMINALLiquefied petroleum gas and light oil products transshipment terminal in the sea port of Ust-Luga.
A consortium comprising the RDIF and leading international investors has announced the completion of a deal with SIBUR to invest in liquefid petroleum gas (LPG) and light oil products transshipment terminal in the commercial sea port of Ust-Luga (Russia). The consortium plans to continue investing in the terminal’s development, with capacity expansion project already underway.
- The deal is key for the Russian economy and RDIF’s strategy to increase investment in this area.
- Currently, the expansion plan to increase the transshipment capacity of the terminal is being carried out. This will increase the supply efficiency of the Russian LPG and LOP to markets in Northern and Northwestern Europe.
- Year of investment: 2015.