Gazprom is reportedly ready to build an LNG terminal in the Kaliningrad region of Russia, capable of receiving more than 2.5 billion cubic meters (bcm) of LNG per year.

According to a new version of a federal targeted programme for the region, which was approved by the government on 7th December, Gazprom is planning to construct the facility.

Construction of the LNG terminal and a gas pipeline running from it to existing gas supply systems in the region will apparently cost around 3.96bn rubles. Of that amount, 348m rubles will be allocated in 2008, while the rest (3.612bn rubles) will be allocated in 2009.

The terminal is initially scheduled to be open in 2011, suggest news reports.