July 27, 2007 / 2:51 PM / 12 years ago

Gazprom eyes more partners for Shtokman - Medvedev

MOSCOW, July 27 (Reuters) - Russia’s Gazprom (GAZP.MM) is keen to bring more partners into its Shtokman gas project either as co-owners of the field operator or as contractors, Gazprom chairman Dmitry Medvedev told a news briefing on Friday.

“I agree that co-participation in this project makes sense for Gazprom,” said Medvedev, who is also Russia’s first deputy prime minister.

“There could be two models for this — it could be where our partners join the project as fully fledged participants in the equity of the joint company, or as ... contractors which in my view ... could create a little less stability in relations.”

France’s Total (TOTF.PA) recently agreed to take a 25 percent stake in a special purpose entity that will develop the first phase of Shtokman, a vast field in the Barents Sea that has enough reserves to supply the world for a year.

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