Gazprom Keeps “Optimizing” the Shtokman Field Development Project
The Gazprom Board of Directors took note of the information concerning the progress with the Shtokman gas and condensate field development project.
It was emphasized that the design and survey operations for the offshore infrastructure and the marine port with LNG storage facilities were to be completed between late 2013 and early 2014. The devised documents will be reviewed by corporate, state and environmental experts. Design work continues on onshore facilities.
The Management Committee was tasked to continue the project related activities and inform the Board of Directors about their progress in 2014.
However Gazprom deputy CEO Andrei Kruglov said in late May that the energy giant was considering postponing the Shtokman field development “for a future generation”.
