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EastRussia Bulletin: The first contracts for the creation of the Amur Gas-Chemical Cluster

EastRussia Bulletin: The first contracts for the creation of the Amur Gas-Chemical Cluster
Photo: EastRussia
The construction of the Amur gas chemical complex in the Amur region will begin no earlier than 2020, but the first agreements on the formation of the Amur gas-chemical and gas-processing cluster have been reached, the EastRussia bulletin says.

SIBUR intends to make an investment decision on the construction of a complex with an annual capacity of 1,5 million tons not earlier than the middle of the year 2019. Until then, the company plans to implement an extended basic design and reach a final agreement with Gazprom on the supply of raw materials - ethane from the Amur gas processing plant.

The main problem in deciding to build AHAC was the price of ethane, which Gazprom and SIBUR could not agree on. Nevertheless, during the International Investment Forum in Sochi in mid-February SIBUR and Gazprom reached certain agreements regarding the supply of ethane from the Amur Gas Processing Plant (Gazprom) to the Amur MCC (SIBUR). The terms of the preliminary contract provide for the supply of approximately 2 million tons of ethane fraction by Gazprom to the AHCC on the principles of formula pricing. In this case, the formula for calculating the price is not disclosed. The arrangements will allow SIBUR to design efficient production facilities.

In general, the construction period of the MCC after the adoption of the investment decision is estimated at four to five years. The exact timing of the launch will depend on the ability of Gazprom to supply sufficient amounts of raw materials for processing, which will happen after the launch of the fourth stage of the GPP (approximately 2024-2025 years).

For Gazprom, the postponement of the construction of the MCC means the need to supply untreated gas to China with a valuable ethane, which is economically unprofitable and may entail fines on the part of the consumer. The Amur Gas Processing Plant provides for the preparation of natural gas for subsequent supply to the People's Republic of China, the production of liquefied hydrocarbon gases, helium and ethane fraction. The Amur MCC, according to plans, will be technologically connected with the GPP within the framework of a single large cluster, it will process hydrocarbon raw materials from the GPP and produce high value-added (polyethylene) products with a capacity of about 1,5 million tons per year. Deliver products are expected to be both domestic and foreign markets.

A detailed analysis of this and other relevant topics can be found in the weekly bulletin EastRussia (https://www.eastrussia.ru/subscribe/).
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