Shtokman decision on December 26?

A final investment decision on the giant Shtokman gas project in the Barents Sea can be made on December 26, Russian media writes.

Shtokman Development AG (SDAG) plans to hold a meeting for its board of directors on December 26, on which a final investment decision on development of the project might be taken, Moskovskiye Novosti writes.

The newspaper also reports that French Total (holds 25 % of the stocks) and Norwegian Statoil (24 %) will have to pay Gazprom (51 %) $1,5 billion in bonus when a investment decision is made, or leave the project.

Read also: Shtokman coming up

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