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TOR Neftekhimichesky Territory, Nakhodka, Primorskiy region, 692941, Russian Federation

History of the project and plan for its development

History of the project

Up to now the following key events are realized:

On September 5, 2019 NFP received the status of a resident of the territory of advanced development.

Off-take term sheets for the amount exceeding Stage 1 product (methanol) production by more than 3 times, were received and signed in 2017-2018.

The 20-year Contract for annual supply of natural gas in the volume of 3.15 bcm is signed with Gazprom Group.

A land lease agreement for the area of about 628 Ha was concluded.


Future development of the project

Financing

The signing of credit documentation and the start of financing the project from 3Q 2019.

Engineering

Engineering, FEED and the state expertise of the project within the EPC–Contract.

Construction and installation of equipment

2019—2022. Implementation of works within the EPC–Contract.

Staged launch of production

2022—2023. Completion of final technical works in the complex. Staged launch of production capacities. NFP’s attainment to full production capacity in 2023.