As for Gazprom, it said it planned to find a partner by mid-2005 to exploit Shtokman, the one of the biggest gas fields, which contains 3.2 trillion cubic meters of gas and 31 million tons of condensate, and build a liquefied natural gas plant.
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Biggest Gas Field Stake Goes to Shell
Oil and gas giant Shell has agreed to swap its stake in the Sakhalin-2 for Gazprom's shares...
Oil and gas giant Shell released a report announcing the company has agreed to swap its 7 percent stake in the Sakhalin-2 oil and gas project for a stake in vast Shtokman Arctic gas field, owned by Russia?s gas monopoly Gazprom.
Shell spokesman in Moscow said on Monday that they were interested in gaining an interest in Shtokman field, but but the company was still in talks with various parties and the result of the negotiations was difficult to predict.
As for Gazprom, it said it planned to find a partner by mid-2005 to exploit Shtokman, the one of the biggest gas fields, which contains 3.2 trillion cubic meters of gas and 31 million tons of condensate, and build a liquefied natural gas plant.
Gazprom is inexperienced at dealing with LNG, which repays massive investment by solving the problem of how to move the fuel around. Such world?s majors as Norsk Hydro, Statoil, ConocoPhillips, ChevronTexaco and ExxonMobil are expected to be its partners.
As for Gazprom, it said it planned to find a partner by mid-2005 to exploit Shtokman, the one of the biggest gas fields, which contains 3.2 trillion cubic meters of gas and 31 million tons of condensate, and build a liquefied natural gas plant.
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