total cedes to gazprom its stake in shtockman gas project in russian arctic
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Total cedes to Gazprom its stake in Shtockman gas project in Russian Arctic

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Arab Today, arab today Total cedes to Gazprom its stake in Shtockman gas project in Russian Arctic

Russian gas giant Gazprom
Paris - Arab Today

Total said Friday it had pulled out of the Shtokman natural gas project in the Barents Sea, a project which has been frozen for two years, ceding its stake to Russian gas giant Gazprom.

"Total has passed to Gazprom its 25 percent share in Shtokman Development AG and expressed its interest to further cooperate on the project should it enter an active phase," the French energy company said, confirming a report in the Russian business daily Vedomosti.

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total cedes to gazprom its stake in shtockman gas project in russian arctic total cedes to gazprom its stake in shtockman gas project in russian arctic

 



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