Reuters: Gazprom names 5 foreign firms for Arctic gas project
“The short list is a setback for supermajors Royal Dutch/Shell and Exxon Mobil, both of which are already involved in big projects off Russia’s Pacific coast.”
Posted Saturday 17 Sept 2005
Friday 16 September 2005
By Mikhail Yenukov
MOSCOW, Sept 16 (Reuters) – Russia’s Gazprom on Friday unveiled a short list of five foreign companies being considered as partners in a $20 billion Arctic gas project that could supply U.S. markets for half a century.
The firms, eyeing a slice of one of the most sought-after prizes in the energy sector, were named as Norway’s Statoil (STL.OL: Quote, Profile, Research) and Hydro (NHY.OL: Quote, Profile, Research), U.S. firms Chevron (CVX.N: Quote, Profile, Research) and ConocoPhillips (COP.N: Quote, Profile, Research), and France’s Total (TOTF.PA: Quote, Profile, Research).