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Gold/Mining/Energy : LNG

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To: Dennis Roth who wrote (80)9/14/2005 5:45:17 PM
From: Dennis Roth  Read Replies (1) of 919
 
Statoil to Double Planned Capacity at Snohvit LNG Plant
Interfax Information Services, B.V. Wednesday, September 14, 2005
rigzone.com

Statoil plans to double planned capacity at a liquefied gas plant at the Snohvit field by 2012, Henrik Carlsen, the Norwegian oil and gas company's senior vice president, said at the RAO/CIS OFFSHORE 2005 conference.

At around the same time, he said, Russia would bring the Prirazlomnoye field on stream and the first LNG sourced at the Shtokman field would be delivered to the United States.

Statoil plans to start developing the Snohvit field, which is on its Barents Sea shelf, in October 2006. It will launch an LNG plant to process the gas in December 2006.

Statoil has submitted proposals on its participation in the Shtokman project to Gazprom and will seek a 25% interest in the project, offering Gazprom 10% of the Snohvit project. Statoil is also thinking about letting Gazprom use the Statoil Cove Point regasification terminal in the United States.
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