Gazprom U-Turn on Shtokman Investors

December 5, 2012

seems clear that when Statoil and Norsk Hydro complete their merger, the newly formed StatoilHydro will be able to bring to the table the kind of Arctic, deep water proven track record Gazprom would value – not to mention the spare capacity Statoil currently has at its Cove Point, Long Island LNG unloading facility.

When asked by Oil and Gas Eurasia if it could provide any indication as to who, specifically, would be awarded the remaining stake in Shtokman, Gazprom refused to comment, but did say 'it hoped to have more information soon'. What's certain is that until Gazprom does have more information, Shtokman will continue to fill column inches.