Volga Gas To Build USD5 Million Gas Plant To Boost Sale Volumes By 10%

1 Dec

lse.co.uk 29 Nov, 2016

Volga Gas PLC plans to lift sales by about 10% by constructing a gas processing plant. It plans spend USD5.0 million on the construction of the processing plant at the existing Dobrinskoye field in western Russia. Construction will start in the Q2 of 2017 and should be finished before the end of 2017, and will be funded from the existing cash pile of USD13.0 million. The plant will be able to capture, store and then sell liquid petroleum gases sourced from the condensate streams produced from the Vostochny Makarovskoye and Dobrinskoye fields.

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