Financial Times: Shtokman exit shows a realistic Gazprom

For Gazprom, the vast Shtokman gasfield in the Arctic was a flagship project intended to bring the Soviet-style behemoth into a new century of liquefied natural gas, high-tech capital intensive development and potential exports to the US.

But plagued by disagreements with its partners in the project, France’s Total and Norway’s Statoil, instead Shtokman became a symbol for the gas giant’s problems in catching up with the revolution affecting global gas markets.  MORE