Construction of Sabetta rose. The transport Ministry is looking for additional funds within the Federal target program

Construction of Sabetta rose. The transport Ministry is looking for additional funds within the Federal target programFollowing the increase in the cost of the project the development of the South-Tambeyskoye gas condensate field and the construction of liquefied natural gas on the Yamal Peninsula, rose and the construction of port Sabetta. The new project will increase investment from the budget in the construction of the port 47% to 69.6 billion rubles, according to the letter of the Minister of transport Maxim Sokolov Deputy Prime Minister Arkady Dvorkovich.And the Federal target program "Development of transport system in 2010-2020" implies an allocation for the project 47.3 billion rubles from the budget (private investment is almost 26 billion rubles). The deficit 22.3 billion Sokolov proposes to eliminate the "transfers" under the Federal program.The Minister of transport proposes a reduction of $ 7.9 billion rubles of financing the construction of the ferry line Ust-Luga - Baltiysk: "the Analysis showed necesariamente line. Another 4.9 billion rubles at Sabetta can be sent from the program development of the Murmansk transport hub. This amount is due to the economy, developed on the basis of tender procedures", says Sokolov. The implementation of the two projects, in his opinion, not "inappropriate". This is the construction of a deepwater port in Baltiysk (project of the Ministry of transport, 8 billion rubles) and the program of reconstruction of the infrastructure of the port of Saint-Petersburg" .The development project of the South-Tambeyskoye gas condensate field and the construction of a plant for the liquefaction of natural gas has risen by one third at the end of last year - then the shareholders Yamal LNG (initiator and investor of the project) took the final investment decision. The amount of investment in the project increased to $26.9 billion Shareholders - NOVATEK (60%), France's Total (20%) and CNPC (20%) has already invested $2.6 billion Plant will start operating in 2017, and after running all three lines it will produce 16.5 million tons of liquefied natural gas (LNG) per year. The port of Sabetta will provide year-round navigation vessels-tankers and their passage through the Northern sea route. Its construction began in 2012, completion scheduled for 2017Disruption of this period and the start of construction, according to the Ministry of transport, threatens "Yamal LNG" fines of up to $400 million per month, quoting a letter Sokolova "Vedomosti". In addition, "hurt the international reputation of the Russian Federation as a supplier of LNG - all the natural gas from the South-Tambeyskoye field contracted.



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