18th May 2018 11:44
LONDON (Alliance News) - Volga Gas PLC said on Friday liquid petroleum gas production has begun at its Dobrinskoye gas processing plant in Russia's Volga region.
The company conducted commissioning and testing through April and transported its first commercial load from the plant on Thursday.
Volga is due to reach its full operational capacity of 50 tonnes per day in mid-June, it said.
"I am very pleased that this important project has reached the point of first production. The delivery of the liquid petroleum gas project is one of the key events for Volga Gas in 2018 and will be a meaningful addition to the group's revenue and profits. The incremental volume represents a 10% increase in sales volumes," said Chief Executive Andrey Zozulya.
Shares in Volga Gas were untraded at 51.00 pence per share on Friday.
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VGAS.L