"Yes, first we will be spending a lot of money, as the project of this scale can be implemented only gradually, Dmitry Baranov said.
The agency reported that these changes were not rating actions and had no effect on Russias sovereign rating which stays at Baa2 with a negative outlook.
So, Russia slowly, but continues to develop the northern fields.On the other hand, gas condensate deposits on the Yamal Peninsula have helped ease the problem of resources depletion.The increased rivalry between superpowers for the Arctic makes it necessary from bästa gemix casino a geopolitical point of view, to develop and explore the region as soon as possible.Moodys expects further fall of Russian international reserves in 2015, but finds current amount of reserves substantial.To raise funds and get technology for the project, which requires huge investments, Russian welcomed France's Total and Norway's Statoil to join the project.Gazprom also canceled another offshore project for development Prirazlomnoye field, which known oil reserves are estimated at 72 million tons, to produce.6 million tons a year.But then, when oil and gas production at the Arctic shelf begins, this investment will pay off.".International rating agency Moodys Investors Services has downgraded Russian bond and deposit ceiling: positions of foreign currency non-sovereign bonds were lowered to Baa2 from A3, foreign currency deposit ceiling was reduced to Ba1 from Baa2 and national currency bond and deposit ceiling is lowered.By proven reserves of natural gas the deposit is by far one of the largest in the world.As Nikolai Podlevskikh, head of analytical department of zerich Capital Management said that attractiveness and large proven resources, the preparatory work done, the prepared project and the growing readiness to develop the deposit suggests that Shtokman will continue developing.
Petersburg which would specialize in the Arctic-class ships construction as well as the Far East shipbuilding companies.
And analysts said Russia will never give up its offshore projects development.
The Yamal LNG and Prirazlomnoye development have started and no one has so far pulled out completely from Stockman project.The first two conditions have actually been formed: it is vital for Russia to commence the hydrocarbon extraction from new fields in view of the exhaustion of the old ones.Dmitry Baranov is sure that the project was shelved because it is aimed at the future markets, not to compete with Yamal LNG or shale gas projects.The Shtokman field development program encompasses the entire cycle of field development, from research to processing and transportation, and consists of three phases.Of natural gas a year.It was not by chance, that "Yamal LNG" project became a priority.Nordic fate, meanwhile, Russia continues to demonstrate the fundamental interest in the development of the shelf, in spite of all the difficulties.As of mid-December, Russian international reserves have made 414.6 billion, the Central Bank of Russia said.The project envisages the creation of coastal logistics base near Teriberka and construction of a fleet of Arctic class tankers.Most likely, the pool of investors will not change, but may have one more foreign investor, which would be the most viable option for all parties involved.The reason for the move was reports the project implementation does not guarantee environmental safety from possible oil spills.United Shipbuilding Corporation (USC) has announced its plans to build Kotlin shipyard (St.Read also, jP Morgan says Russian economy will contract.3 in 2015.Because it involves the creation of coastal infrastructure, port expansion, development shipping, which entail building of new shipyards and upgrading of existing ones.
Dmitry Baranov noted that the Norwegian and the French companies are still interested in the project and in further cooperation with Gazprom.
The problem is that gas will be extracted from a depth of 340 m, 550 km offshore, in extreme weather conditions with the annual temperature ranging from -50 to 33 C, wave height up to 27 m, in the kingdom of icebergs, some weighing.