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Shtokman gas for Spain

Gazprom leader Aleksey Miller in meetings with Spanish authorities today promised that the country will get gas from the Shtokman field in the Barents Sea.

Location

Miller also opened up for Spanish companies to take part in the development of the Shtokman development phase two and three.

Another potential area of Russian-Spanish cooperation could be projects in Yamal, Miller said, AFP reports.

The Shtokman gas deliveries to the country are part of an agreement concluded by Gazprom and Spanish energy major Gas Natural today, RIA Novosti reports.

According to the agreement, Spanish consumers will get LNG from the Shtokman field as part of the first project development phase. The field in the Barents Sea is projected to be in production from year 2013. LNG production are planned started in 2014.

Spain does today not import Russian gas. According to the new agreement, minor volumes of Russian gas will be sold to Spain already in the near future. With the Shtokman project, the volumes will increase and Gazprom enter new south European markets.

 

Read more about the Shtokman project in BarentsObserver’s Shtokman section