Gazprom and ConocoPhillips sign Memorandum of understanding
Alexey Miller, Gazprom’s Management Committee Chairman and Jim Mulva, Chairman and CEO of ConocoPhillips have signed a Memorandum of Understanding.
The Memorandum stipulates a preliminary feasibility study to be performed for a liquefied natural gas production and transmission project targeted at the Shtokman gas condensate field output marketing in the USA and other countries on both sides of the Atlantic.
In addition, the parties will look into Gazprom’s potential involvement in LNG regasification, pipeline swaps and marketing in North America.
A leading player on the US energy market, the internationally competitive oil and gas company ConocoPhillips operates in more than 40 countries of the world and largely focuses on hydrocarbon exploration and production; oil transmission & refining and refined product marketing; natural gas extraction, processing and marketing; petrochemical output and plastics production & marketing.
Being among the US top 5 natural gas suppliers, ConocoPhillips sells domestically some 80 bcm of gas per annum, serving gas distribution companies, power plants and industrial customers.
ConocoPhillips has broad technological experience of deep-water drilling and operations in the Arctic environment. The company counts on state-of-the-art gas liquefaction technologies, operates an Alaska-based LNG plant and develops a handful of similar projects on a global scale.
Information Directorate, OAO Gazprom