4 Oct 2010 11:57

Gazprom to complete design for Shtokman LNG port by year-end

MURMANSK. Oct 4 (Interfax) - Gazprom Dobycha Shelf LLC plans to complete the design of the port that will be used to export LNG from the Shtokman project before the end of the year, the deputy general director for shipping, Andrei Shapovalov, said at the Arctic Forum in Murmansk on Saturday.

"If everything goes to plan, the design of the port in Teriberka Bay will be completed at the end of this year," he said, adding that the port project would undergo expert review early next year and construction would commence in 2012.

The new port will most likely be registered as a subsidiary of the Port of Murmansk.

The Shtokman field is located in the central part of the shelf of the Russian sector of the Barents Sea. C1+