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Friday, October 13, 2006

Gazprom Bears Like a Bear: Shtokman

10.10.2006 [] - Russian gas giant Gazprom made a sensational announcement: it wouldn't involve other oil and gas firms in the development of the huge gas project Shtokman in the Barents Sea. We remind, that Gazprom was to choose partners a year ago, in September 2005, but postponed that decision twice: to April 2006 and then to October 2006. Gazprom's CEO Alexey Miller said, that the reason was in that the candidates, among which were France's Total, US Chevron and Conoco and Norwegian Statoil and Hydro, couldn't meet Gazprom's conditions. Norway said that Russian gas giant "offended all the world and acted as a bear". Shtokman gas and gas condensate project has 3.7 bln cu.m. of gas and over 30 mln tons of gas condensate.

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