Monthly Highlights from the Russian Arctic, October 2024
In this news digest, we monitor events that impact the environment in the Russian Arctic. Our focus lies in identifying the factors that contribute to pollution and climate change.
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Gazprom to choose most profitable Shtokman partners
Publish date: September 8, 2006
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Gazprom to choose most profitable Shtokman partners
Gazprom will select partner companies to develop the giant Shtokman gas deposit off Russia's Arctic coast only for reasons of optimum cost-benefit.
A shortlist of companies competing for the project unveiled last September includes Norway’s Statoil and Norsk Hydro, France’s Total, and U.S. giants Chevron and ConocoPhillips. Gazprom will select two or three partners from the shortlist to form a consortium for the project.
According to Igor Shuvalov, a Russian presidential aide, the Russian energy giant needs a partner that will help it "develop the field as successfully and beneficially as possible, with the lowest expenses, and which will supply products to the world market most effectively," RIA Novosti reports.
"This is a business project, and Gazprom is responsible for it. Therefore, I would not like to reveal any information on the issue," he said.
The deposit holds an estimated 3.2 trillion cubic meters of natural gas, and 31 million metric tons of gas condensate in the Barents Sea, off Russia’s Arctic coast. Some $12-14 billion will be invested in the project’s first phase, and production will start in 2011.
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Bellona Nuclear Digest. October 2024
A survey of events in the field of nuclear and radiation safety relating to Russia and Ukraine.
Putin leaves Kazakhstan without deal to build nuclear plant
A visit last week by Vladimir Putin and a Kremlin entourage to Astana, Kazakhstan sought in part to put Rosatom, Russia’s state nuclear corporation, on good footing with local officials.
Moscow snips last ties to cooperative nuclear cleanup agreement with West
Russia is formally withdrawing from a landmark environmental agreement that channeled billions in international funding to secure the Soviet nuclear legacy, leaving undone some of the most radioactively dangerous projects and burning one more bridge of potential cooperation with the West.