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Shtokman FID Not Delayed but Further Economic and Technical Work Required, Framework Agreements Extended

Shtokman Development AG Board of Directors Set Priorities for Further Work on the Shtokman Project (Phase 1) The regular meeting of Shtokman Development AG (SDAG) Board of Directors was held in Moscow on March 29, 2012. Based on the decisions of December meeting, the Board reviewed whole scope of issues …

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Shtokman Development: LNG Plant and Onshore Infrastructure facilities approved during public hearings

Teriberka Rural Settlement in Murmansk region hosted the Third Public Hearings where the Design and Engineering Documentation (DED) for the Shtokman gas-condensate field (SGCF) Development Phase 1 facilities were discussed. During the hearings representatives of Shtokman Development AG (SDAG) and companies involved in DED development, in particular Technip Rus, Giprospetsgaz, …

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Meeting with NGOs on Environmental Safety during Shtokman Field Development

Shtokman Development AG (SDAG) and Russian office of the World Wildlife Fund (WWF-Russia) initiated a working meeting in Moscow on environmental safety during Shtokman field development. The main consultant for SDAG on environmental studiesis – FRECOM and the main consultant of SDAG on Hydrocarbon Spill studies- “Informatika riska” took part …

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Phase 1 facilities of the Shtokman project could reach up to 400 billion U.S. dollars of socio economic benefits

The annual International Forum “Gas of Russia – 2011” was held on November 15 in Gazprom Headquarters. The goal of the Forum was to discuss the issues related to the current status of innovation development and international cooperation in the gas sector. Alexey Zagorovskiy, CEO of “Shtokman Development AG” (SDAG), …

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Shtokman Development AG and Sovcomflot Signed Cooperation Agreement

Shtokman Development AG and Sovcomflot signed Cooperation Agreement on September 20, 2011 in Saint-Petersburg at the 10th Annual Conference of Sovcomflot Business Partners. The document was signed by Alexei Zagorovskiy, Chief Executive Officer and Sergey Frank, Chairman of the Board of Sovcomflot. The Agreement stipulates mutual consultations and exchange of …

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Shtokman income tax rate in the Murmansk Region will be set at 13.5%

in the course of the teleconference Mr. Dmitry Dmitrienko, Governor of the Murmansk Region and Mr. Alexei Zagorovskiy, Chief Executive Officer of the Shtokman Development AG (SDAG) discussed current issues of cooperation between SDAG and the Government of the Murmansk Region. The parties have underlined the importance of state support …

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