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Gazprom in final stage of talks with Statoil and Hydro

Publish date: January 24, 2006

The Russian gas monopoly Gazprom is in the final stage of negotiations with the Norwegian oil majors Statoil and Hydro over participation at the Shtokman gas field in the Barents Sea.

The Russian-Norwegian deal will have an estimated value of 2 billion USD.


Statoil offers Gazprom a 10 percent stake in the “Snøhvit” field in the Barents Sea in return for the stake in Shtokman, while Hydro offers 10 percent in its “Ormen Lange” field, BarentsObserver reported. The Shtokman field enables Russia to supply 20 percent of Great Britain’s gas consumption by 2015.

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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.