OREANDA-NEWS. SIBUR acquired a 100 percent stake in Portenergo LLC, a building owner of a complex for liquefiedpetroleum gas (LPG) transportation in the territory of the sea trading port Ust-Luga.

Formerly SIBUR has signed a memorandum with Ust-Luga Company JSC concerning the project plan for the construction of LPG transporting terminal.

As a customer, Portenergo LLC will continue preparing and getting approvals of the project documentation. Forecasted terms for the construction start-up are 2008. The first start-up of the complex is expected in 2010.

Upon the first construction stage completion the terminal will be capable of transporting 300-400 KTA of LPG. After it reaches the maximum rated capacity the company will evaluate the market opportunities for the second stage of the terminal construction   for additional 600-700 KTA of LPG.

In 2006 SIBUR produced 2,9 mln tons of LPG.