The Shtokman field is one of the largest gas fields in the world (with 3.8 trillion cubic meters in reserves). It is located in the center of the Barents Sea, some 600 kilometers from the city of Murmansk. Gazprom will develop the project’s first phase jointly with the French company Total and the Norwegian StatoilHydro. The volume of the first-phase production will reach 23.7 billion cubic meters.
This field will help meet a substantial part of the European Union’s growing demand for “blue fuel” by supplying it with pipeline gas, and also fill in the North American LNG market.