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Wednesday, June 10, 2009

Gazprom aims to supply 5-10 pct of US gas needs

LNG tankerMOSCOW, June 9, 2009 (Reuters) - Russian gas export monopoly Gazprom (GAZP.MM) plans to raise deliveries to the United States and eventually supply up to 10 percent of the world's biggest economy's gas needs, a senior company official said on Tuesday. "The volumes we currently supply account for 0.5 percent of gas consumed (in the United States). But with the gas from Shtokman and Yamal, our share will grow to 5-10 percent," Gazprom Deputy Chief Executive Alexander Medvedev said. "We plan to supply 17 percent of the Shtokman gas to North America," he said. Gazprom, the world's largest gas producer and supplier of a quarter of Europe's gas, views Yamal and Shtokman as key sources of future output as production falls at mature deposits in West Siberia. Shtokman, in the Barents sea, is one of the largest gas fields in the world and is scheduled to start producing gas for export by pipeline by 2013 and as liquefied natural gas in 2014. Gazprom owns 51 percent of Shtokman Development AG, while France's Total holds 25 percent and StatoilHydro owns 24 percent.

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