Gazprom Postpones Development Of Shtokman Field
From Wall Street Journal
Russian state-controlled gas company OAO Gazprom has indefinitely postponed development of its giant Shtokman gas field, the latest delay to its yearslong efforts to tap the Arctic field with France’s Total and Norway’s Statoil.
The decision comes after disagreements between the companies over investment terms have repeatedly stalled development of the field, located in the challenging Arctic environment of Russia’s Barents Sea and estimated to hold almost 4 trillion cubic meters of gas.
