Logo
  Wednesday, October 23, 2019
Sign-In  |  Sign-Up  |  Contact Us  |  Bookmark 

The management of Russian energy giant Gazprom [RTS: GAZP] approved
The management of Russian energy giant Gazprom [RTS: GAZP] approved on Thursday a draft investment plan for the Shtokman gas field in the Russian sector of the Barents Sea.

"The Gazprom Management Committee approved an investment framework for the Shtokman project and we will now proceed to the next stage - the Shtokman investment strategy," Management Committee member Vlada Rusakova said.

The ambitious project to develop the Arctic gas field, with estimated gas reserves of 3.7 trillion cubic meters, is intended to supply the Nord Stream pipeline from Russia to Germany, being built under the Baltic Sea. The Shtokman project cost is estimated at $30 billion

Gazprom has a 51% stake in the project, while France's Total and Norway's StatoilHydro have 25% and 24%, respectively.

Gazprom's press office said a company to develop the Shtokman gas field will be established by December 20.

"A decision has been made to set up a special company before December 20 this year. The company's governing bodies will also be established during this period," the press office said.


Print The management of Russian energy giant Gazprom [RTS: GAZP] approved Bookmark The management of Russian energy giant Gazprom [RTS: GAZP] approved

Related News   
OctNovember 2007Dec
MoTuWeThFrSaSu
2930311234
567891011
12131415161718
19202122232425
262728293012
3456789