Shtokman LNG Terminal

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Shtokman LNG Terminal, also known as Штокман СПГ, is a cancelled (inferred 4 y) LNG export terminal in Russia.

Location

Table 1: Location details

Name	Location	Coordinates (WGS 84)
Shtokman LNG Terminal	Shtokman field, Barents Sea, Russia	73.0, 44.0 (approximate)

The map below shows the approximate location of the terminal:

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Project Details

Table 2: Infrastructure details

mtpa = million tonnes per year

Name	Facility type	Status	Capacity	Total terminal capacity	Offshore	Associated infrastructure
Shtokman LNG Terminal	export	cancelled (inferred 4 y)	30 mtpa	30.0 mtpa	False	Shtokman Gas Field (Russia)

Table 3: Cost

Name	Facility type	Cost	Total known terminal costs
Shtokman LNG Terminal	export	–	–

Financing

No financing data available.

Table 4: Project timeline

FID = Final Investment Decision, used by some developers to indicate a project will move forward

Name	Facility type	Status	Proposal year	FID year	Construction year	Operating year	Inactive year
Shtokman LNG Terminal	export	cancelled (inferred 4 y)	2008	2011 (Pre-FID)	–	–	2012 (cancelled)

Ownership

Table 5: Ownership

Name	Facility type	Status	Owners	Parent companies	Operator
Shtokman LNG Terminal	export	cancelled (inferred 4 y)	Gazprom PJSC [100%]	Gazprom PJSC [100.0%]	–

Background

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 Gas Field (Russia)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.

Shtokman Development AG was disbanded in 2019.

In 2018, construction of the LNG terminal with production capacity of 7.5 mtpa was again discussed in the context of developing the Shtokman Gas Field (Russia). The Ministry of Energy of the Russian Federation then reported that the project may be implemented by 2035.

In March 2021, the Russian government released a long-term program for the development of LNG production which included this LNG terminal with a new proposed capacity of 30 mtpa. Expected start year was listed as 2035. The government program stated that Gazprom has conducted a pre-investment study in 2020 and estimated capacity of the terminal to be up to 30 mtpa.

While there have been no recent developments related to this project since March 2021, this project is still considered proposed since its expected start date is 2035.

The project was not included into the "Energy Strategy of the Russian Federation until 2050", released by the Ministry of Energy of Russia in April 2025. The project was mentioned in the media in May 2025. According to the source, the Shtokman LNG Terminal is currently on hold, but may be revisited under favorable conditions. As of June 2026, there have not been any further updates about the project, and the project is considered to be cancelled.

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Additional data

To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.