Gazprom OJSC will develop the Shtokman gas condensate field on its own, without foreign partners, Gazprom announced, October 9.
In addition, Gazprom's Management Committee has taken a decision on the priority of gas deliveries from Shtokman to the European market. The field will become a resource base for Russian gas exports to Europe via gas pipeline Nord Stream that is under construction. The Concern had said earlier it was planning to deliver LNG from Shtokman to the USA market.
"Gazprom will own 100% of the Shtokman field. It has been considering to give 49% in the Shtokman project to foreign companies for a long time. But foreign companies were not able to give assets corresponding to the volume and quality of the Shtokman field reserves. Up-to-date technologies will be used to develop this field. For these purposes, competent international companies will be attracted as contractors," said Gazprom's CEO Alexey Miller.
