28th Jun 2005 10:23
Total S.A.28 June 2005 Russia: Total and Gazprom Sign Shtokman Field Memorandum of Understanding Paris, June 28, 2005 - Total announces the signature of a Memorandum ofUnderstanding for the development of the giant gas field Shtokman in the BarentsSea. The Memorandum covers studies in the upstream sector as well as the developmentof liquefied natural gas production and marketing. Total is a natural partner for the Shtokman project with already well advancedtechnical studies and with an already strong experience in developing giantliquefied natural gas projects, as well as project financing. The signature ofthis Memorandum denotes Total's continuing strategy to invest in furtherdeveloping Russia's oil and gas resources. Total is the fourth largest oil and gas company in the world with operations inmore than 130 countries. Total's activities cover the whole energy chain of thepetroleum industry: exploration, oil and gas production, refining and marketing,trading and power generation. The Group is also a major player in chemicals.Total has more than 111,000 employees worldwide. More information can be foundon the company's website: www.total.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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