Gazprom meets at Melkøya

Helge Lund, chief executive at Statoil, met with Gazprom's Alexey Miller at the Hammerfest LNG plant under construction in northern Norway.

Offshore staff

Helge Lund, chief executive at Statoil, met with Gazprom's Alexey Miller at the Hammerfest LNG plant under construction in northern Norway.

This facility will liquefy natural gas from Statoil's Snøhvit field, the first discovery to be developed in the Norwegian sector of the Barents Sea, and ranks as Europe's first LNG facility.

The group signed a memorandum of understanding with Gazprom last September for studying possible development solutions for the Shtokmanovskoye gas and condensate field in the Russian sector of the Barents Sea.

The Melkøya meeting addressed work done under this agreement between Statoil and Gazprom. The work includes joint studies on prospective projects for Shtokmanovskoye, building an LNG plant, and deliveries of LNG to the US.

"We have seen what Statoil has accomplished in the Norwegian Barents Sea," Miller says. "Its achievements in developing Snøhvit are important for us. Joint efforts to apply the acquired experience and advanced technologies of our companies will form the basis for long-term and mutually beneficial cooperation.

"We have unique experience of producing gas in the Barents Sea, and hope that our technology, expertise, and positions in the gas value chain can be useful to Gazprom," Lund says.

The meeting also addressed prospects for Gazprom participation in the Snøhvit LNG project and opportunities for using Statoil regasification capacity in North America.

At the end of April, Statoil will be the first international company to submit proposals for developing Shtokmanovskoye, along with a draft agreement that could bring a project closer.

A follow-up meeting between Miller and Lund is planned for the second half of May in Moscow.


4/28/05

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