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The Shtokman gas and condensate field - one of the biggest offshore fields of its kind - was discovered in 1988. The field is located in the central part of the Russian sector of the Barents Sea shelf, about 600 km northeast of the city of Murmansk at sea depths varying from 320 to 340 m.
The field’s C1+C2 reserves account for 3.8 tcm of gas and circa 37 mln t of gas condensate.
The Sevmorneftegaz - a 100 percent Gazprom subsidiary - holds the license to the project. The operator company is the Shtokman Development Company, a Swiss-registered joint venture of Gazprom (51%), Total (25%) and Statoil (24%).
The Shtokman gas will be shipped partly by pipeline, partly as LNG.
According to plans, the field is to be in production from year 2016.
The village of Teriberka located northeast of Murmansk City has been chosen as the main hub for Shtokman operations.
Shtokman LNG to USA
Gazprom
Gazprom plans to ship 80 to 90 percent of the gas from the Shtokman field in the Arctic to North America as recovery of the world’s largest economy spurs energy use.
The world’s biggest natural-gas producer plans to sign 20-year contracts in 2010’s first half to use gas-import terminals on the U.S. Gulf and East coasts, said John Hattenberger, head of Gazprom’s energy-trading unit in Houston to Bloomberg.com.
-North America would be a key target market, Hattenberger said. He sees U.S. gas demand “roaring back” as the economy recovers.
Contracts for capacity at North American LNG terminals must be in place before Gazprom makes a final investment decision on the Shtokman project, Hattenberger said. The company has a contract to import gas from another Russian LNG project, Sakhalin-2, at Sempra Energy’s Energia Costa Azul plant in Baja California, Mexico.
