Posted by: russiaoilandgas | July 20, 2007

ConocoPhillips CEO: Gazprom Wants More Talks On Shtokman

Shtokman Rig ConocoPhillips LNG Gas GazpromGazprom would like further talks with ConocoPhillips with a view to involving the American firm in the massive and lucrative Shtokman LNG project, according to multiple news agencies.

Gazprom signed a deal earlier this month with France’s Total SA (TOT) to be the leading international participant, leaving competitors Statoil ASA (STO) and ConocoPhillips potentially without a stake. But ConocoPhillips Chief Executive James Mulva told reporters on the sidelines of an American Chamber of Commerce event here that Gazprom was still interested in including the U.S. company.

“We’ve received indications that further discussions will take place,” Mulva said, “and we’d like to think that will lead to an opportunity for us.

“Whether we participate or not depends on that opportunity,” he added.



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