Total and Gazprom Sign MOU for Shtokman Field

Total has signed a Memorandum of Understanding for the development of the giant gas field Shtokman in the Barents Sea.

The Memorandum covers studies in the upstream sector as well as the development of liquefied natural gas production and marketing.

Total is a natural partner for the Shtokman project with already well advanced technical studies and with an already strong experience in developing giant liquefied natural gas projects, as well as project financing. The signature of this Memorandum denotes Total's continuing strategy to invest in further developing Russia's oil and gas resources.