Archeological works in Teriberka finished
Russia is one step closer to gas production at the Shtokman field. The archeological surveys of the area where the LNG plant is planned to be built, are about to finish.
Archeologists have found traces of settlements from the Early Metal Age (ca. 2000 BC - AD 300) in Teriberka, web site Khibiny.ru writes.
This is the first time settlements from this period have been excavated on the Kola Peninsula. The findings are of enormous signification for North European archeology, because they fill white spots in the knowledge of the Kola Peninsula’s old history.
The apparently successful preparations for the Shtokman project continue amid major skepticism from analysts, who believe that the quick changes in the international gas markets are making new expensive offshore projects superfluous and not profitable. Only over the last two year, demand on natural gas has dropped significantly and prices subsequently plummeted.
The Shtokman partners Gazprom, Total and Statoil meanwhile continue their ambitious Shtokman plans. The project hub of Teriberka is being prepared for construction works and two of the project jack-up rigs currently under construction in Vyborg is proceeding. According to Gazprom, the rigs, the “Polar Star” and the “Northern Lights” are to be completed respectively in Q3 2010 and Q1 2011.
