The
Shtokman
Development
consortium,
which
includes
Gazprom,
Total
and
Statoil,
was
expected
to
make
a
final
decision
on
the
first
phase
of
the
$20
billion
Arctic
field
development
on
Thursday
but
instead
decided
to
push
back
FID
until
1
July.
“The
shareholders
are
confident
that
the
project
can
be
improved
further,
both
technically
and
economically,”
Shtockman
Development
said
in
a
statement
following
the
board
meeting.
“They
agreed
that
their
efforts
should
continue
to
be
focused
on
optimising
the
project
and
strengthening
the
dialogue
with
the
Russian
authorities.”
The
consortia
have
been
seeking
tax
breaks…
