A Russian court has ordered nearly $500m of assets belonging to Linde to be frozen at the request of a Russian joint venture building a gas complex at the Baltic Sea port of Ust-Luga, according to a Reuters report.
RusKhimAlyans, the joint venture 50% owned by Russia’s Gazprom, asked the Court of Arbitration of St Petersburg and the Leningrad Region to freeze Linde assets worth R35bn roubles ($488m) as a “preventative measure”, the report states. gasworld has contacted Linde for comment.
RusKhimAlyans and Linde were due to build a gas processing complex in Ust-Luga, as part of the complex for processing ethane-containing gas (GPC of CPECG), under an agreement signed in March 2021.
The agreement outlined the main terms and conditions of a prospective EPSS contract providing for engineering services, equipment supplies, and maintenance of gas processing and off-site facilities.
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