Gazprom plans major petchem expansion

07 November 2007 17:29  [Source: ICIS news]

MOSCOW (ICIS news)--Russia's gas giant Gazprom on Wednesday indicated plans to expand its gas-chemical, plastics and fertilizer businesses.

By 2015, Gazprom-controlled companies would increase their ethylene production three-and-a-half times to 7.66m tonnes/year, deputy CEO Valery Golubev told the Russian Scientific-Research Institute of Natural Gases and Gas Technologies conference in Moscow on Wednesday.

During the same period, plastics production would more than triple from 470,000 tonnes/year up to 1.7m tonnes/year, he said.

Gazprom's strategy to develop its gas-chemical complex also involves raising fertilizers production from 1.8m tonnes/year up to 4.5m tonnes/year, Golubev said.

Russia's state-run natural gas monopoly produces about 85% of Russia’s natural gas and operates the country’s natural gas pipeline network.

By: Sergei Blagov
+44 20 8652 3214

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