Reuters: Shtokman's gas final investment decision delayed

Development of Russia's Shtokman, one of the world's largest gas fields, will remain in limbo for a few more months as a Gazprom-led consortium pushes the government for tax breaks to help ensure the project is profitable.

The board of Shtokman Development AG met on Thursday, two days before its deadline for a final investment decision (FID), and ruled that the shareholders could continue working toward a decision through the end of March.

A source close to the consortium earlier named April 1 as the new deadline.   MORE