Shtokman LNG Terminal
|This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.|
Shtokman LNG Terminal is a proposed LNG export terminal in the Barents Sea, Russia.
- Owner: Shtokman Development AG
- Parent: Gazprom (51%), Total (25%), Statoil (24%)
- Location: Shtokman field, Barents Sea, Russia
- Coordinates: 73, 44 (approximate)
- Capacity: 7.5 mtpa
- Status: Cancelled
- Type: Export
- Start Year:
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
Shtokman LNG Terminal is a proposed LNG export terminal in Barents Sea, Russia. The project was originally conceived as a way to supply the US gas market. The Shtokman gas and condensate field was discovered in 1988. In 2008 Gazprom, Total and Statoil signed the Shareholders Agreement on establishing Shtokman Development AG, a special-purpose company for Shtokman field development. The company planned to take the final investment decision on LNG production before the end of 2011.
In 2012 it was reported that Gazprom had called off the project, which had "been sunk by soaring costs, falling European demand and cheap shale gas in America." The week prior, Gazprom's partner Statoil handed back its 24% stake in Shtokman and wrote off $336m (£212m), saying the project could not be commercially justified.
Articles and resources
- BloombergNEF LNG Export and Import Projects--Q4 2020, BloombergNEF, January 21, 2021
- Shtokman LNG Terminal, A Barrel Full, accessed April 2017
- "Plug pulled on Russia's flagship Shtokman energy project," Guardian, Aug 29, 2012