Tuesday, 31 July 2007 14:44
Europe Editor
France’s Total has decided to join Gazprom’s Shtokman LNG and pipeline gas project after two years of controversy over the Russian gas giant's handling of previous partnership processes.
Total has signed up for a deal to receive a 25 percent stake in an operating company to be created to implement Phase 1 of the project, while Gazprom will retain 100 percent control of the production licence for the Shtokman field, located in the Barents Sea 650 kilometres northeast of the Russian port of Murmansk.
France’s Total has decided to join Gazprom’s Shtokman LNG and pipeline gas project after two years of controversy over the Russian gas giant's handling of previous partnership processes.
Total has signed up for a deal to receive a 25 percent stake in an operating company to be created to implement Phase 1 of the project, while Gazprom will retain 100 percent control of the production licence for the Shtokman field, located in the Barents Sea 650 kilometres northeast of the Russian port of Murmansk.
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Published in
July 07
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