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Chevron wants quarter of Russia’s Shtokman gas field

Publish date: March 15, 2006

According to Trem Smith, president of Chevron Neftegaz Inc, Chevron is hoping to win as much as a quarter of Russia’s huge Shtokman gas project when Gazprom picks partners in April.

Chevron is one of the five firms shortlisted by Gazprom for the project, which involves developing the Shtokman gas field in the remote and iceberg-strewn Barents Sea to produce liquefied natural gas (LNG) for sale to the U.S. market, Mosnews reported. Each contender hopes to take part ownership of the vast field, which contains around 3.5 trillion cubic meters of gas. “We don’t expect more than 25 percent,” Trem Smith said.

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The role of CCS in Germany’s climate toolbox: Bellona Deutschland’s statement in the Association Hearing

After years of inaction, Germany is working on its Carbon Management Strategy to resolve how CCS can play a role in climate action in industry. At the end of February, the Federal Ministry for Economic Affairs and Climate Action published first key points and a proposal to amend the law Kohlenstoffdioxid Speicherungsgesetz (KSpG). Bellona Deutschland, who was actively involved in the previous stakeholder dialogue submitted a statement in the association hearing.

Project LNG 2.

Bellona’s new working paper analyzes Russia’s big LNG ambitions the Arctic

In the midst of a global discussion on whether natural gas should be used as a transitional fuel and whether emissions from its extraction, production, transport and use are significantly less than those from other fossil fuels, Russia has developed ambitious plans to increase its own production of liquified natural gas (LNG) in the Arctic – a region with 75% of proven gas reserves in Russia – to raise its share in the international gas trade.