"The cost of the project with its current definition is too high… [but] there has been no...

|By:, SA News Editor

"The cost of the project with its current definition is too high… [but] there has been no decision by partners to postpone Shtokman project sine die," Total (TOT) says in reacting to reports that Gazprom (OGZPY.PK), the project's operator, has indefinitely shelved development of the giant gas field. The "teams are pursuing technical studies to achieve an economically viable project."