New Europe: ‘Super-cooled’ LNG from Russia’s Shtokman worries EU

Gazprom's deputy CEO Alexander Medvedev said the company may be considering liquefying all of its gas production from the first phase of the Shtokman project. He also said Russia’s major gas producer may scrap plans to pipe Arctic gas from the Barents Sea deposit, which might fuel concerns in Europe about the reliability of Russia as a major long-term gas supplier, amid increasing demand for gas in Asian markets.

A European Commission spokeswoman told New Europe on 11 April that the majority of Russian gas supplied to the EU over the next years is expected to come from the Yamal peninsula and other West-Siberian fields, not from Shtokman which is an offshore gas project in the Barents sea. “The Commission is therefore convinced that the Russian side – as in the past and mutual interest – will fully respect their commitments for gas supply to the EU, including through long-term contracts,” the spokeswoman said.  MORE