Shtokman shareholders have agreed to determine the new format of the project before the end of the month. At the same time Total hopes to maintain its 25% stake. This was announced by the French company’s Chief executive Christophe de Margerie on the fringes of the St. Petersburg Economic Forum.
The recent tax solutions concerning the Shtokman gas project create favorable conditions for the development of the Shtokman gas fields. A statement to this effect was made by Prime Minister Vladimir Putin during his meeting with the presidents of the Norwegian Statoil and French Total which hold shares of Shtokman Development AG along with the Russian Gasprom.
The Arctic Region is one of Russia’s strategically important areas and among the Russian Federation’s priority projects for the Arctic is the development of the Shtokman Field.
The battle for a share in the huge Shtokman project will continue. This was expressed by investors from Britain, Canada, Norway, Finland, France and the U.S. who gathered in Murmansk in the north-west of Russia at the weekend to assess the chances for developing the world’s largest Shtokman gas condensate deposit. There are good chances.
The largest group of foreigners has arrived in Russia’s north-western coast for the first time in the past few years. The businessmen from Britain, Canada, Norway, Finland, France and the U.S. are in Murmansk to win their share in the Shtokman gas deposit project.
An international conference titled “The Development of the Arctic Shelf: Step by Step” is underway in Murmansk. Officials and businessmen from Russia, Britain, Canada, Norway, Finland and France are discussing prospects for the joint development of Russia’s large Shtokman gas field in the Barents Sea. The ecological aspects of the project are receiving much attention.
In the spring of 2011, Russian companies will start work to develop the fabulously rich Shtockman gas field in the Russian sector of the Barents Sea, some 600 kilometres north of the port city of Murmansk. The development will go hand in hand with bringing natural gas to towns and villages in the Murmansk Region.