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TOR Neftekhimicheskiy 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:

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

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

Turnkey EPC contract with an international contractor for the Phase I is signed.

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

On September 5, 2019 NFP signed credit documentation with VEB.RF and VTB as well loan agreement with the Far East Development Fund.

Future development of the project

Enginering, 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 Phase I reaching project capacity in 2023.