Exploration & Production

Shtokman volumes underpin Gazprom MOUs with India

The Shtokman gas field in the Barents Sea is the main resource base underpinning a series of three preliminary agreements between Gazprom and Indian groups GAIL, Gujarat State Petroleum Company and Petronet LNG The Shtokman gas field in the Barents Sea is the main resource base underpinning a series of three preliminary agreements between Gazprom and Indian groups GAIL, Gujarat State Petroleum Company and Petronet LNG.
By Svetlana Savateeva 3 June 2011 0 106
The Shtokman gas field has been named as the main supplier of LNG in three preliminary agreements. (PA)

The Shtokman gas field in the Barents Sea is the main resource base underpinning a series of three preliminary agreements between Gazprom and Indian groups Gail, Gujarat State Petroleum Company (GSPC) and Petronet LNG signed on Thursday, sources tell Interfax.

Each non-binding memorandum of understanding, the first step towards a more concrete sale and purchase agreement, allows for Gazprom to supply up to 2.5 million tons per annum (mtpa) (3.33 billion cubic metres) of LNG into India for a maximum of 25 years. Final agreements could be announced within...