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Implementation of Arctic gas field project delayed further

© RIA Novosti . Sergei Subbotin / Go to the mediabankFirst Deputy Prime Minister Viktor Zubkov
First Deputy Prime Minister Viktor Zubkov - Sputnik International
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The implementation of a project to develop a vast gas field in the Russian sector of the Barents Sea is being delayed further, First Deputy Prime Minister Viktor Zubkov said Friday.

The implementation of a project to develop a vast gas field in the Russian sector of the Barents Sea is being delayed further, First Deputy Prime Minister Viktor Zubkov said Friday.

He did not offer a reason for the delay, but stressed that the project would go ahead regardless.

The Shtokman field has estimated reserves of 3.8 trillion cubic meters. Shtokman is to feed Nord Stream, a gas pipeline set to link Russia and the European Union via the Baltic Sea.

Russian energy giant Gazprom has a 51% stake in the Shtokman project, while France's Total and Norway's StatoilHydro have 25% and 24%, respectively.

MOSCOW, December 25 (RIA Novosti)

 

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