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Shtokman share out due by autumn
Posted 16.07.2012 11:11:55 av John Bradbury
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Gazprom chief executive Alexei Miller has said a new partnership agreement for the Shtokman development could be finalised by the autumn of this year.

“At the moment, we are holding final consultations on configuration and terms of Shtokman project implementation. We expect to wrap them up by early autumn,” Alexei Miller told reporters at the end of last week, according to Reuters.

Currently Gazprom has a 51% stake in the  Barents Sea gas project, while France's Total has 25% and Norway's Statoil has 24%.

But all of that could change with reports suggesting that Shell waiting to come into the project, after Gazprom, Total and Statoil have so far failed to agree on how to go forward with development the giant Shtokman gas field, which lies 600 kilometres (370 miles) offshore from Murmansk in the kola Peninsula in the Barents Sea, with reserves estimated at more than 3.8 trillion cubic metres (130 trillion cubic feet) of natural gas and more than 37 million tons of gas condensate.
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