Shtokman meeting to consider gas buyers
Gazprom may have to divert planned shipments of liquefied natural gas from its Shtokman project away from the United States to get higher prices elsewhere. Directors at Shtokman Development AG plans a meeting on February 5 to agree on a new gas-marketing, says Gazprom chief technologist.
- Everybody is waiting for this board meeting, said Vladimir Dimitrov, chief technologist at Gazprom’s subsea division, Bloomberg reports. - The project may be pushed back and future gas supplies diverted to other markets, he said.
Gazprom, the world’s largest gas producer, together with partners Norwegian Statoil ASA and French Total, had planned to send as much as 90 percent of Shtokman’s LNG to North America. The project faces competition from rising shale-gas production in the U.S.
Read also: Gazprom might abandon Shtokman
Shtokman directors may agree on new deadlines for pumping the first pipeline gas and producing the first LNG, Dimitrov said. He declined to estimate project development costs:
-The cost of gas production in the Arctic is high and we can’t make a mistake, he said. - We will be evaluating all possible optimal options for selling the fuel.
Read also: - Shtokman is dead, says PetroArctic boss
