The port would be ready to use for handling Shtokman pipes at berth N1 after its completion. The Shtokman field project requires a lot of pipes, said Mr. Vlasov, and the administration has been looking for additional sites for storage of the cargo. The Port Authority is considering using handling facilities outside the port, say, at the nearby seaports, Mr. Vlasov said.
Murmansk Commercial Seaport JSC was established in 1994 on the basis of a state-owned enterprise. The MSCP is the fourth largest port in Russia in annual handled volumes and is the second one, next to St. Petersburg port, in the Russian North-West. Last year’s throughput totaled 15.118.100 tons, up 4.9 percent over 2008.
The Shtokman field is located in the central part of Russia's sector of the Barents Sea. The gas deposit reserves of C1+C2 category are estimated at 3.8 trillion cubic meters. Shtokman Development AG, a joint venture was founded to implement the project. Gazprom holds 51% of stocks in the venture, 25% owned by Total and 24% by StatoilHydro. SevMorNefteGaz company (a 100% subsidiary of Gazprom) had licensed the Shtokman deposit. The first phase of the project cost is estimated at $15-20 billion.