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Baltic Chemical Complex

Company

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Owners:
Gazprom - 50%

Content

Owners

+ Rosneft of the Tax Code

As of September 2020, the main activity is the production of plastics and synthetic resins in primary forms.

History

2024: Gazprom bought 50% of the Baltic Chemical Complex

PJSC Gazprom acquired a 50% stake in Baltic Chemical Complex LLC from RusGazDobycha JSC, another 49% was transferred to National Gas Group LLC. The deal became known from the data of the Unified State Register of Legal Entities on December 17, 2024.

According to the Akm.ru, the project provides for the construction of a polyethylene production complex with a capacity of up to 3 million tons per year in the Kingisepp district of the Leningrad region. The contractor is China National Chemical Engineering & Construction Corporation Seven, LTD (CC7).

Gazprom
acquired a 50% stake in Baltic Chemical Complex LLC

The Baltic Chemical Complex is part of a single technological complex for the processing of ethane-containing gas from fields in Western Siberia. At the first stage, the gas will be processed at the RusChemAlliance ethane liquefaction and separation plant.

The Federal Antimonopoly Service issued permission to Gazprom to acquire 50% in the authorized capital of Baltic Chemical Complex LLC back in January 2022. Since the beginning of 2022, Gazprom has also owned RusChemAlliance.

The second new shareholder of the complex, the National Gas Group, is 51% controlled by Altituda JSC, established by Artem Obolensky, who is also the beneficiary of the former owner of the project, RusGazDobycha. The owners of the remaining 49% of NGG LLC are hidden in closed mutual funds.

The polyethylene plant will become one of the largest petrochemical production facilities in Russia. The company will process ethane-containing gas coming from the fields of Western Siberia after primary processing at the facilities of RusChemAlliance.

The project is being implemented as part of the development of an oil and gas chemical cluster in the Leningrad Region. The complex will increase the depth of processing of hydrocarbon raw materials and create new high-tech industries in the region.[1]

Notes