LNG

Shtokman to cost ‘hundreds of billions of dollars’

Investment in the Shtokman project is estimated at hundreds of billions of dollars, Deputy State Duma Speaker Valery Yazev said on Tuesday.
By Staff reporter 15 November 2011 0 1850

 Investment in the Shtokman project is estimated at hundreds of billions of dollars, Deputy State Duma Speaker Valery Yazev said on Tuesday.

“The costs have been called fantastic,” Yazev said.

The question of whether the government is prepared to provide tax breaks for the project is worth considering, he added. “It would be desirable that the shareholders put together their terms not too avariciously. The Russian government and the Russian people do not need Shtokman to be opened at any price. The government also has to get...