The terminal is designed to handle 20,000-25,000 dwt ships calling 1-2 times per week with annual handling of 1 million tonnes of LPG. The project foresees the reconstruction of a railway station, construction of gas storage facilities and two offshore mooring points three kilometers off the shore. We are set to build a sea terminal for LPG handling in the Perevoznaya bay of the Primorsky Territory. The key technical parameters have not changed. I would rather not comment on the actions of the previous company management. Why was it postponed? How have the project parameters changed over that time? What is the current project deadline? The company announced the beginning of construction back in 2016. “The segment of LPG will put competitive pressure on other types of fuel in the region and the demand for it will grow” Therefore, we see our project as the beginning for an LPG cluster in the Far East. In our opinion, the segment of LPG will put competitive pressure on other types of fuel in the region and the demand for it will grow. The project on construction of an LPG terminal is being implemented in the framework of international agreements on the development of commercial and economic relations between Russia and APR countries. What is the basis of the forecasts for development of LPG supplies to the APR markets? It will mostly go to the APR countries. We have come to a cooperation agreement with several Russian suppliers. What LPG suppliers are foreseen by the project? We are currently at the phase of signing investment agreements. Our partners are large Korean companies: Hyundai, Halla and E-1. What are foreign investors involved in the project? Thus, the taxes will be paid into the local and regional budgets. It is important that the company is registered in Khasan District of the Primorsky Territory, where the terminal is located. The company was incorporated by private national investors. Who established Vostok LPG, LLC? Some say it was an entrepreneur from Kazakhstan whose interests are far from local interests and specifics. Valentin Narezhny, General Director of Vostok LPG who took the office three months ago, answers the questions of IAA PortNews. Meanwhile, the company management says investors from the Republic of Korea have expressed their readiness to participate in the project and the construction is to commence in the nearest months. The project on construction of an LPG terminal in the Perevoznaya bay of the Primorsky Territory has seen some technical and financial amendments over the four years but is still being criticized by environmental experts and the public. In his interview with IAA PortNews, Valentin Narezhny, General Director of Vostok LPG, tells about this and other specifics of the project. Over a four-year period, the cost of an LPG terminal in Primorsky Territory has went up to RUB 6 billion due to involvement of more advanced technologies. Valentin Narezhny, General Director of Vostok LPG, tells about the publically debated project
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