Total (TOT) and Gazprom (OGZPY.PK) are still discussing ways to make the Shtokman natural gas...

|By:, SA News Editor

Total (TOT) and Gazprom (OGZPY.PK) are still discussing ways to make the Shtokman natural gas field profitable to develop, TOT CEO Christophe de Margerie says. Shtokman, believed to hold ~4T cu. meters of natural gas, has been repeatedly delayed because of disagreements on investment terms, high development costs in the extreme Arctic conditions, and lower natural gas prices.