Shtokman shareholders want more Russian participation
Shtokman Development AG wants as much Russian participation in the giant Shtokman gas field development as possible. In return, the shareholders expect a high level of support from Russian authorities.
At a meeting in the Russian State Duma on “legislative support to the gas sector” organized by the Duma committee for budget and taxes Chief Executive Officer of Shtokman Development AG Alexey Zagorovsky said that the shareholders have decided to increase Russian participation in the project as much as possible.
- Shtokman must give a new impulse to the development of Russia’s regions and industry. Its realization will boost the economy in the country’s North-Western regions, create new jobs, increase budget incomes and give both local companies and the Russian industry as whole, opportunities to develop, Zagorovsky said, according to REGNUM.
In return, the shareholder hope that the Russian authorities see that such a large and ground-breaking project as Shtokman needs serious and long-term investments and support from all levels of state power.
- Shtokman will give Russia the opportunity to create a new gas region on the Arctic shelf. With the increasing demand for energy it will be of the highest strategic importance for the country, Zagorovsky underlined.
