News
Publish date: August 23, 2006
News
According to Stoltenberg, participation of Norwegian companies in the Consortium will assist “straightening of cooperation between Russia and Norway and cooperation between both companies”.
Explaining reasons for delays in defining participants of the Shtokman project, Stoltenberg mentioned, that “world of oil industry history knows many examples, when it took long time to make decisions on large scale projects”. Snøhvit project, located in Norwegian part of the Barents Sea is an example of a long-time decision making.
Last year Gazprom presented a list of potential partners of Shtokman field development. The list includes both Norwegian Statoil and Hydro companies, American Chevron and Conoco and French Total. Gazprom had failed to announce the final partners, what was planned for April 2006. After several delays during the year, the matter is still open, Port.news reports.
Shtokman gas condensate field is located in the central part of the Russian sector of the Barents Sea. Its reserves are estimated to be 3.7 billion cubic meters of gas and about 31 million of gas condensate.
Wednesday, April 10, 2024 | Brussels, Belgium – Today, the European Parliament approved the newly revised Construction Products regulation (CPR)...
Recent attacks on Ukraine’s Zaporizhzhia nuclear power plant "mark the beginning of a new and gravely dangerous front of the war," the UN atomic agency's director general said last week.
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.
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.