ConocoPhillips CEO: Gazprom Wants More Talks On Shtokman

Gazprom OAO (GSPBEX.RS) officials have told ConocoPhillips (COP) that they're interested in talks about the U.S. company's inclusion in the massive Shtokman liquid natural gas project in Russia, the head of ConocoPhillips said Thursday.

Gazprom signed a deal earlier this month with France's Total SA (TOT) to be the leading international participant, leaving competitors Statoil ASA (STO) and ConocoPhillips potentially without a stake.

But ConocoPhillips Chief Executive James Mulva told reporters on the sidelines of an American Chamber of Commerce event here that Gazprom was still interested in including the U.S. company.

"We've received indications that further discussions will take place," Mulva said, "and we'd like to think that will lead to an opportunity for us.

"Whether we participate or not depends on that opportunity," he added.

Source: Dow Jones

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