Shell has plans to ink a deal with the Russian gas company Gazprom sometime this week. The deal is related to Gazprom’s plan to begin a liquefied natural gas project at the port of Ust-Luga in the Baltic Sea. Yuri Ushakov, a Kremlin aide, confirmed the deal on Tuesday. Shell was reported to be interested in picking up 25 to 30 percent of the project. That project is expected to include a two-train LNG plant as well as a pipeline that will connect with the Gazprom network. The plant could be finished by the year 2021. Gazprom plans to share the $10-billion-dollar cost, along with the risks with Gazprombank. A floating storage and regasification unit is slated for Kaliningrad. The unit will be able to store 170,000 cubic meters and have a regasification capacity of 13.2 million cubic meters of gas per day. Ushakov noted that the […]