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Gazprom to keep majority stake in Shtokman project even if its membership changes

Golubev did not rule out that participants and partners in the project might change
Photo ITAR-TASS
Photo ITAR-TASS

ST. PETERSBURG, September 10 (Itar-Tass) - Russia’s gas giant Gazprom does not rule out that participants in the Shtokman project may change, but the company is not going to give up its plans to implement this project, Gazprom Deputy CEO Valery Golubev said on Tuesday at a conference RAO/CIS Offshore devoted to the development of the continental shelf zone.

“The Shtokman gas condensate field is completely ready for development, but due to certain market and business reasons the fulfillment of the project was postponed for the time being,” he said.

Golubev did not rule out that participants and partners in the project might change, but in any case Gazprom planned to keep the majority stake in it. “Currently, all technical parameters for the development of the onshore and production infrastructure are being adjusted,” he added.