Russia’s Gazprom to set up subsidiaries for Barents Sea

February 6, 2014

Russia’s gas producer Gazprom will create a new subsidiary for Barents Sea projects, including Shtokman phases 2 and 3, Itar-Tass reported on February 5.

The company Gazprom Dobycha Shelf will move to Sakhalin to focus on Gazprom’s offshore projects in the Sea of Okhotsk. It will be located in Yuzhno Sakhalinsk and will change its name to Gazprom Dobycha Shelf Yuzhno Sakhalinsk.

A new subsidiary, Gazprom Dobycha Shelf Murmansk, will be created for operations in the Barents Sea. It will be located in Murmansk.

Copyright: Itar-Tass, 2014