Arab Today, arab today gazprom puts shtokman field on hold
Last Updated : GMT 11:01:28
Arab Today, arab today
Arab Today, arab today

Gazprom puts Shtokman field on hold

Arab Today, arab today

Arab Today, arab today Gazprom puts Shtokman field on hold

Moscow - AFP

Russia\'s Gazprom energy giant has indefinitely postponed development of the Shtokman natural gas field it has been pursuing with French and Norwegian partners, a Gazprom official said on Wednesday. \"The investment decision on Shtokman has been postponed for an indefinite period,\" a source at the company told AFP on condition of anonymity, confirming earlier Russian news agency reports. In mid-July, shortly after the expiration of a framework agreement with France\'s Total and Norway\'s Statoil, Gazprom\'s chief executive Alexei Miller said the company would make a final choice of foreign partners in early autumn. The investment decision had been repeatedly pushed back because the parties faced uncertain global demand and could not agree whether the project should focus on pipeline or liquified natural gas production. Total, which had been paying for the initial exploration and design together with Statoil, has also complained of cost overruns in the Gazprom-managed project. In May, Gazprom announced it was switching the field to liquefied natural gas production and talked of the possible involvement of Royal Dutch Shell. Earlier this month Statoil formally gave up its 24 percent share in the Shtokman Development international consortium created to develop the field, though the group said it was still open to involvement. Total, which has a 25 percent share, has said many times that it is still interested in the Shtokman project. The company declined to comment when contacted by telephone on Wednesday. First discovered in the late Soviet era, the field is one of the world\'s largest and believed to hold enough natural gas to meet the world\'s entire demand for a year. It it still untapped because of its forbidding Arctic surroundings and great depth.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today gazprom puts shtokman field on hold Arab Today, arab today gazprom puts shtokman field on hold

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday