The Gaz-Oil subsidiary of Gazprom, recently announced plans to construct a plant for liquefying natural gas in the Novgorod region, which is located in northwestern Russia. Company executives commented that the call to realize this project was made during the meeting of Gazprom’s senior-level managers, analysts, as well as high ranking officials from the Novgorod regional government. The project comes with a price tag of USD 10.8 to 18 million.