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Gazprom Appointed Advisors For Shtockman

Gazprom has appointed three banks as advisors for its Shtokman gas exploration project

Gazprom Appointed Advisors For Shtockman

Gazprom has appointed three banks as advisors for its Shtokman gas exploration project in the Barents Sea, Interfax news agency has reported.

It has reported that the French bank Calyon has been chosen, knocking HSBC and BNP Paribas out of the race.

Calyon would join a Russian project finance bank and the in-house bank Gazprombank to advise on the project.

The giant Shtokman natural gas deposit could be worth up to $20bn.

Gazprom will start pumping gas from the hitherto unexploited field, in the Russian parts of the Barents Sea.


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