News

Gazprom to allocate about 650 million dollars on Shtokman field development

Publish date: January 30, 2007

Gazprom Board of Directors affirmed an investment program, a budget and a cost reduction program for 2007.

The company will allocate about 650 million dollars on Shtokman gas condensate field development, which will start in 2007. Prirazlomnoe field development will cost the company about 420 million dollars in 2007.

Prirazlomnoe oil field can become the first developed oil field on Russia’s Arctic Shelf, B-port.com reports. The field is planned to be put in operation in 2008.

Gazprom plans to allocate about one billion dollars on gas transport system extension in the north-west of Russia and for gas supply via Nord Stream gas pipeline.

More News

All news

6th meeting of the Carbon Removal Expert Group summary and feedback 

The Carbon Removal Certification Framework (CRCF) has been formally approved by the Council on the 19th of November 2024 and entered into force on the 9th of December 2024, providing an official mandate for the Commission to develop methodologies on carbon farming and carbon removals. However, the technical documents and specifications are still being drafted and revised for input from the Carbon Removals Expert Group (CREG), of which Bellona is a member. 

Photo: Christening of Northern Lights’ first CO₂ carrier in Stavanger in 2025, by Olav Øye

A great leap towards a scaled European market for CCS: Northern Lights expands storage capacity, will store CO₂ from Stockholm  

Europe’s only multi-source, injection-ready CO₂ storage site will more than triple its capacity by 2028. The decision follows an agreement with Stockholm Exergi to transport and store up to 800 – 900 kilotonnes of CO₂ per year. “This decision is years in the making, and the culmination of decades of hard work from many, Bellona included” says Bellona Europa Director Jonas Helseth.

Subscribe to our newsletter

Get our latest news

Stay informed