- The massive Arctic project is located 580 km north – east of Murmansk.
The Shtokman field contains an estimated 3.8 trillion cubic meters of natural
gas and 37million metric tones of gas condensate.
- The Sakhalin energy project in Russia’s frozen Far East side pushed
past original cost estimates because of the sheer size and complexity of
the scheme, coupled with the general price inflation in the global engineering
and construction market.
3. Front-end engineering and design (FEDD) studies has already begun which
will pave the way for a final investment decision sometime in the latter
half of 2009. Pipeline gas from the project could arrive in Europe as early
as 2013, while liquefied natural gas (LNG) will follow a year later, Gazprom
estimates, though analysts of the complexity of the venture.
- Russian gas giant Gazprom and its partners are moving ahead with plans
to unlock the remote Shtokman gas field in the Arctic.
- The Norwegian company recently completed its first sale of LNG from the
flagship project. It processes gas at the world’s most northerly LNG
export terminal presently at Melk ? ya outside Hammerfest in Finnmark. The
Sn ? hvit field is the first ever hydrocarbons development project in the