Russia-based OAO Gazprom has announced on 9 October that it will develop giant Shtokman (Shtokmanovskoye) natural gas-condensate field in the Barents Sea without foreign partners and will pipe the gas to Europe rather than convert it to LNG for North American markets as had been planned. Gazprom expects to begin production from Shtokman in 2010. The gas initially will be piped from the field to the Russian coast and then under the Baltic Sea from Russia to Germany through the proposed 1200km Nord Stream pipeline. It will connect existing pipelines from Siberian gas fields to the planned Nord Stream transmission line. The onshore system will include seven compressor stations delivering an operating pressure of 100bar. Pipeline operations are scheduled to begin in 2010 with an initial capacity of 27.5 billion cum/yr. Capacity could be doubled with a parallel second line to be built in Phase 2. Total capital expenditure for the offshore part of the project, if both pipelines are built, would exceed EUR 4 billion to be financed 100% by Gazprom.
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