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Shtokman Natural Gas Project, Barents Sea, Russia

Order Year

Discovery in 1988

Construction Started

FEED in 2008

Project Type

New LNG facility and field development

Location

Shtokman gas field near Murmansk in the Barents Sea, Russia

Estimated Investment

Total over four phases $50bn, phase I $12-25bn

Completion

2016 for phase I

LNG Production Start

2017

Sponsors

Gazprom, Total, Statoil Hydro, Shtokman Development Company

Lead Contractors and Designers

Technip, DORIS Engineering, JP Kenny (subsidiary of Wood Group), Rubin Design Bureau, Giprospetsgaz (subsidiary of Gazprom), Sevmorput (Shipyard No 35) shipyard, Vyborg Shipyard, Samsung Heavy Industries, Dockwise Shipping BV

Production

In 2016: 11bcm per day, 205,000t of gas condensate a year. 2017: first LNG at 7.5MTA. Phase IV will deliver 71.1bcm per year, 30MTA of LNG, 600,000t of gas condensate a year for 50 years

Financial

Gazprom (51%), Total (25%), Statoil Hydro (24%)
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