Gazprom and Total talk cooperation, Shtokman project

Gazprom’s Chief Executive Officer Alexey Miller and Patrick Pouyanne, CEO of Total, met on Friday in St. Petersburg where they discussed current and future bilateral cooperation of the two companies.

The companies expressed their readiness for joint actions in the areas of mutual interest both in Russia and abroad, including the participation in Total’s large-scale projects, according to a statement by Gazprom’s press office.

“Taking into account the successful cooperation with Total within the first phase of the Shtokman project, Total will be the first company invited by Gazprom to join us upon resuming this unique and technologically challenging project,” said Alexey Miller.

The Shtokman gas and condensate field is situated in the central part of the continental shelf within the Russian sector of the Barents Sea, about 600 kilometers northeast of Murmansk, at the sea depth reaching 340 meters. Shtokman is nowadays among the largest fields in terms of explored natural gas reserves. C1 reserves of the field make up around 3.9 trillion cubic meters of natural gas and 56 million tons of gas condensate.

LNG World News Staff; Image: Gazprom