Russia: Shtokman Tax to be Similar to Yamal, Deputy Minister Says

Any tax regime for gas produced at the Shtokman field would probably be similar to the one introduced to the Yamal LNG project, Russian Deputy Finance Minister Sergei Shatalov said today.

Shatalov also said that any decision on the introduction of a tax break for the Shtokman project is unlikely to be made by the end of this year.

The Shtokman project is a joint development created by three industry leaders – Gazprom (51%), Total S.A. (25%) and Statoil ASA (24%).

The Shtokman field will become a resource base for building up Russian pipeline gas and liquefied natural gas supplies to the domestic and foreign markets.

[mappress]

LNG World News Staff, December 15, 2011; Image: Shtokman