PhosAgro, Moscow, plans to build an LNG plant in Russia’s northwest Russian Murmansk region to supply heat to its production complex there, according to Russia’s RBC newspaper, citing the Russian fertilizer group.
The Russian fertilizer group also intends to switch its mining machinery to run on LNG rather than fuel oil, according to the report.
RBC estimates PhosAgro would need to build a 20,000 mt/y LNG plant at a cost of RUB2 billion (approximately $27.8 million at current exchange rates) to fully cover its needs.
According to the report, the Russian fertilizer group is still studying the economic feasibility of the project, and is yet to take a final investment decision. Some three years ago, PhosAgro partially converted its Rasvumchorrsky mine to run on LNG.