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Rostec, government of Arkhangelsk region sign agreement

Rostec State Corporation and the government of Arkhangelsk region have signed an agreement on implementing the Northern Dvina - LNG project in the region, Rostec informed.

The document provides for building a LNG plant and the transition to liquefied gas for infrastructure facilities and households.

Under the project, Rostec State Corporation will build a natural gas liquefaction plant with an annual capacity of 120 thousand tonnes in the region. The regional government will provide a land plot for the construction. In addition, Rostec will build distributed energy generation facilities based on LNG in hard-to-reach and isolated territories, with an installed capacity of at least 16 MW.

Rostec is a Russian corporation established in 2007 to promote the development, production and export of hi-tech industrial products for civil and military purposes. It consists of more than 700 organizations untied in 11 holding companies specializing in the defense industry, 3 holding companies in the civil industrial segment, along with more than 80 directly managed entities.

Rostec's portfolio includes famous brands such as AVTOVAZ, KAMAZ, Concern Kalashnikov, Russian Helicopters, VSMPO-AVISMA, Uralvagonzavod, etc. Rostec's organizations are located in 60 federal subjects of Russia and supply their products to the markets of more than 100 countries. Rostec's consolidated revenue for 2017 reached RUB 1.589 trillion, consolidated net profit amounted to RUB 121 billion, EBITDA reached RUB 305 billion.

"AK&M", 14.03.2019 17:39


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