facebook
twitter
rss
account
search
search
 

Gazprom reviews Barents Sea developments

June 19, 2013 at 6:42 AM   |   Comments

MOSCOW, June 19 (UPI) -- Directors at Russian energy company Gazprom said work was under way on designs for liquefied natural gas terminals tied to the Shtokman field.

Last year, partners to Shtokman -- Gazprom, Total and Statoil -- postponed investment decisions on the project in part because of market considerations brought on by shale natural gas developments in the United States.

The board of directors at Gazprom said they reviewed the progress of the field during their latest meeting in Moscow.

"It was emphasized that the design and survey operations for the offshore infrastructure and the marine port with LNG storage facilities were to be completed between late 2013 and early 2014," a company statement said Tuesday. "Design work continues on onshore facilities."

Preparation for front-end engineering and design documents should be released as early as next year.

The field, which is in the Barents Sea, has an estimated 134 trillion cubic feet of gas. Gazprom said some gas was designated for markets in the Atlantic basin, including the Nord Stream pipeline to Germany.

Topics: Nord Stream
© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Tesla could face sales ban in Michigan Tesla could face sales ban in Michigan
2
Early completion of refit of Italian aircraft carrier Early completion of refit of Italian aircraft carrier
3
British Reaper UAVs join the fight against Islamic State British Reaper UAVs join the fight against Islamic State
4
Europe must drop the euro, Germany abandon mercantilism Europe must drop the euro, Germany abandon mercantilism
5
Russia doesn't fear Azeri gas, scholar says Russia doesn't fear Azeri gas, scholar says
Trending News
Around the Web
x
Feedback