Russia’s Gazprom has awarded an engineering, procurement and construction contract for a small liquefied natural gas plant in the north-west of Russia to its traditional contractor, Moscow-based Peton research and engineering institute.

Gazprom said it will pay about 126.7 billion rubles ($2 billion) to Peton to design, build and commission the plant near the Baltic Sea port of Vyborg by the end of 2018. Gazprom said that the plant will be located near the Portovaya compression station, the starting point for the company-led Nord Stream subsea gas export pipeline to Germany across the Baltic Sea.

According