Royal Dutch Shell is still in talks with Gazprom about joining the Shtokman liquefied natural gas project in the Arctic, one of the world's biggest gas deposits.
"We now have interest in doing more LNG projects in Russia," Shell chief executive Peter Voser said Thursday. "Discussions are ongoing."
Shell and Gazprom are partners in the Sakhalin-2 LNG plant on Sakhalin island. Russian media have said Shell may replace Norway's Statoil in the Shtokman development in the Barents Sea, which may hold 3.8 trillion cubic meters of the fuel. Gazprom owns 51 percent of Shtokman Development, while Statoil has 24 percent and France's Total has 25 percent.
(Bloomberg)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
