Russia to Invest $9.4M in LNG Compressor Plant Construction

Russian Prime Minister Mikhail Mishustin announced that approximately 730 million rubles (around $9.4 million) will be allocated for the development of a plant specializing in the production of high-capacity compressor units for liquefied natural gas (LNG).

"We will allocate about 730 mln rubles to support construction of a plant producing high-capacity compressor units for liquefied natural gas inside Russia," Mishustin said, The Caspian Post reports, citing TASS.

"The funds will be used to build the required utilities infrastructure, power lines and the main substation," the prime minister noted.

The initiative is meant to support the national fuel and energy sector. "It is adapting now to external conditions, to challenges, looks for new vendors and buyers," the prime minister said. The plant will help Russian gas supplies flow to international markets.