Rus News Journal

In the project of such scale all of us in one boat

the conflict was outlined In the beginning of summer among participants of the project on working out of a gas Shtokmanovsky deposit. The largest shareholder of the project Gazprom Total and managers of the company - operator Shtokman Development AG (SDAG) have disaccorded on the technological scheme of working out of a deposit. SDAG the monopoly - monophase with partial processing on a platform in the sea offers the diphasic scheme with gas processing ashore, and. The general director of Open Company Gazprom extraction a shelf Alexander Mandel in the middle of June officially said that a variant Gazprom will allow to lower project cost on $11 billion About to what sights adheres in this question Total why at it many years do not develop relations with Rosneft and the company would like to realise what else projects in Russia, in interview The president and the head of board of directors Total KRISTOF DE MARZHERI has told.
- your large-scale project in Russia - participation in development Shtokmanovsky gazokondensatnogo deposits. Recently there was an information on existence of alternative variants of realisation of the project. You could not tell in more details about these variants?

- some opinions of technical realisation of the project pass an opinion. But operating structure - Shtokman Development AG - one, therefore and the decision should be one. And it seems to us that the offer prepared by technical experts SDAG, considers all necessary aspects. And optimum technology of the project, and necessity to consider influence on environment. After all, more than ever earlier, we should take care of that all our shelf projects gave an absolute guarantee of preservation of the environment even if it is a question not of oil, and about gas.

From the legal point of view business is as follows. Really, there are the various opinions stated by people which speak about existence of alternative possibilities. Against it anybody also does not object, but this decision should pass the statement of board of directors SDAG which heads preboards Gazprom Alexey Miller. And I consider absolutely abnormal a situation when someone dares to support limits of operating structure. It not the policy, is a question of technologies, therefore I do not want to give the additional information. To work over such serious project it is necessary seriously, and, probably, it is not casual Gazprom has chosen the present partners. They have experience on a shelf, therefore let`s give to engineers of a technical command Gazprom Total and Statoil to develop decisions which they will offer on the statement of board of directors. Shareholders on board of directors should tell, whether they agree how it is offered to solve technically the project, or not.

- It is known that it was offered both monophase, and diphasic project variants. What of them seems to you optimum?

- Monophase or diphasic transport of production is not a question for modern technologies. Both schemes provide sufficient reliability and ecological safety, both have advantages and lacks, and both of us is used in the practice, they are for a long time traditional. I do not have personal opinion concerning a project technical aspect, the decision should be accepted in common. It is the general project, instead of project Total.

- That the definitive configuration has been accepted, for it should vote unanimously? Or the majority of votes suffices?

- Unanimously. In the project of such scale all of us in one boat. But time presses, it is necessary to operate quickly and to make the definitive investment decision in the near future that we could sustain the confirmed terms: the beginning of transportation of raw materials on a gas pipeline in 2016 and the beginning of work of factory SPG in 2017. It compels us to make the definitive investment decision on the first stage of the project - on trumpet gas - in March of next year.

- you asked prime minister Vladimir Putin to support you in a question of preservation of terms of development of Shtokmana. Why you consider it basic?

- If we have set for ourselves any problem and named term should adhere to it. It defines professionalism of the operator - ability to define terms, cost of the project and to observe them. Us reproached that we tighten project realisation. I read the publication where it was said that the project should be started in 2013, and today you ask me a question why I do not want to remove it for 2016. It seems to me, it is senseless polemic. If we do not observe these dates, you ask the first, why we do not adhere to the promises. All perfectly understand that this project is very important and for Gazprom and for Russia, project Nord Stream is co-ordinated to it (an under construction gas pipeline from Russia to Germany on a bottom of Baltic sea. - ). The project is not becomes better than that we will detain its realisation, it simply will be realised later.

I did not render pressure upon the prime minister - the minister and did not ask it to affect on Gazprom . I and words Gazprom did not mention in conversation with it. I have simply asked the prime minister - the minister that it has helped us to execute the project in time and not to detain him. I have asked the same for president Dmitry Medvedev when it was in Paris, in just the same expressions.

- and in what their help should be expressed?

- They should tell that count and hope that the project will be executed in time which is defined. And president Medvedev has really told it in Paris, and the prime minister - the minister too.

- In Shtokmane you own a share in the company - the operator. It allows you to put stocks on balance?

- We have the right to consider on the balance stocks from date when investment decisions under the project when it is officially started are made.

- but SDAG does not own the licence.

- the Question does not rest against the one who is the owner of the licence. The rights which you have in joint venture are important. They allow you to accept reserves on balance according to a share of participation in the enterprise. It is a classical question which why - that began to be exaggerated unexpectedly, to me it is not very clear at all. Thus I will tell that statement possibility on balance of a part of stocks there was not a main thing that has forced us to take part in the project.

- what profit you expect to receive from Shtokmana?

- It is formed on the basis of the cost price of the project and our forecasts of the prices for gas on a boundary 2016 - 2017, and it is necessary to mean that they will differ from the today`s. Having estimated these circumstances, we define, to sign or not to sign the definitive investment decision. Having held corresponding tenders, we have quite good enough idea about in the project how many will manage. Each partner has analysts who state an estimation of the market at the moment of project start. But it is important to define its configuration, after all without it to make the investment decision it is impossible.

- you count On what cost of gas of Shtokmana?

- Usually we do not publish figure which are put in our calculations, after all we have competitors. But in day when the decision on project start will be accepted, will be summed up under all tenders, you can count up, what prices for gas were put. By our estimations, the prices for gas in the nearest three - four years will remain low enough. And after that will start to grow gradually because new projects by this moment it will not be started. For this reason it makes sense to invest now because when the prices will grow, will already do it late. Considering quantity of projects SPG which should be started, you see that abroad 2012 practically is not present any such project. For this reason the prices by this moment will start to raise. We try, that the Shtokmanovsky project has appeared least expensive of all possible variants. After all if after carrying out of tenders it will be found out that contractors offer the prices which are beyond our estimation of the gas market on 2016 - 2017, we will appear in a difficult situation.

- Vladimir Putin in June conversation with you underlined that in Russia there are also others SPG - projects in which it is possible to participate. The largest and known from them - Yamal SPG . Total plans to join it?

- When Vladimir Putin has invited the foreign companies to meeting which has taken place in September, 2009 in Salekhard, he has asked all to pass an opinion the offers of development of region. Later all participants have received the letter from Minister of Energy Sergey Shmatko in whom also us asked to state the vision of development of the gas industry in this region. Approximately during the same time NOVATEK has started to hold the tender on partner search in project SPG on peninsula Yamal. In our opinion, it was the way most effectively and most quickly to join the project which us, certainly, interests. Even thus that the Shtokmanovsky project and the project Yamal SPG have certain distinctions, between them much in common. And our experience received within the limits of one project, is useful in other. Therefore we have proposed within the limits of the tender which spent NOVATEK. We wait from them for the answer.

- when they should answer?

- In the tender technical project decision-making date has not been specified.

- what share in the project you interests?

- We proposed marriage on a share with 20 to 25 %.

- Why?

- at us of 25 % in the Shtokmanovsky project, the project Yamal SPG too very attractive, but not the easy. We will not be mazhoritariem as NOVATEK reserves more than 50 %. In this case 25 % are enough effectively to carry out a role of the shareholder.

- if you consider possibility of reception of 25 % in the project, whether means it, what there there can be one more foreign partner?

- I cannot answer this question. I think that there can be other partner, but the decision not for us. And in the offer we do not put forward reservations that we will accept the offer only in the presence of one more partner. This business NOVATEKa, they should understand that it it is more favourable. But we, naturally, will consider, who is offered as the partner, first of all from the point of view of financing.

- that Total is ready to offer NOVATEKu for occurrence in Yamal SPG ? Perhaps, joint projects in the third countries?

- Speech did not go about any complex offer, we should answer on the received technical project, no additional conditions existing. Not we solved it. But offers on the same theme are easier for comparing. And if they concern different projects it is more difficult to estimate, whose offer finally is better. But it does not mean that something prevents to be engaged to us in other joint projects. At us already is Terneftegaz - joint venture on working out of the Thermokarstic deposit.

- and why you have decided to be engaged in this project? It small for such large company.

- it is valid, to our measures it is not so big project, but it is our first project in the given region and the first project with NOVATEKom. Our commands have managed to learn each other better, and in this project us the establishment of partner relations, than the project in itself in a greater degree interested. But it all the same remains interesting. Because huge projects are sometimes slow enough.

- what will be investments in Terneftegaz ?

- the First investment decision under this project is expected at the rate about $1 mlrd for the term up to five years - prior to the beginning of extraction. The project not such and small.

- you count economy of Shtokmana at an existing tax situation?

- it is natural, we cannot put parametres which we do not supervise.

- many companies consider that at a present tax situation on a shelf to work unprofitably.

- As to the Shtokmanovsky project the unique voice which can sound on this question, is a voice Gazprom . And across Yamal we wait, when tax conditions will be defined. In September of premieres - the minister has made an official statement in which has told that perfectly realises that specificity of the Yamal projects will demand acceptance of any not ordinary decisions under the taxation. And here we share opinion of the Russian companies.

- What else projects in Russia can interest Total? For example, the Astrakhan deposit Gazprom ?

- We really discussed this project with Gazprom but speech while goes about technical aspects. The Astrakhan gas - very uneasy, and now proceeds studying of the questions connected with the tank of a deposit, with a collector. We have not so strongly promoted in this discussion.

- other projects?

- Total already has taken up big enough obligations in Russia: the Shtokmanovsky project, the Harjaginsky deposit, working out of the Thermokarstic deposit. The realisation schedule across Yamal is not defined yet, therefore we consider possibilities and in other projects with other Russian companies.

- Total declared possibility of sales of a part of the NPZ. Whether there was an interest from the Russian companies?

- As to European NPZ you, probably, know that on our tender on NPZ Dunkerque (NPZ in Dunkirk in the north of France. - ) offers has not arrived. Now we start procedure on sale NPZ Lindsey (factory in a county Lincolnshire in Great Britain. - ), but at a current stage names of applicants are the confidential information, therefore I cannot tell, how affairs are. On the one hand, many Russian companies really showed interest to western NPZ, but with another - abroad they are inert enough, except for Iraq. In Russia such investment possibilities that there are no bases so strongly to be torn for limits of the country and to search there for actives. But this my personal sensation. On my representations, some years ago the Russian companies have been more aimed at search of foreign actives, but now in connection with Iraq there is other situation. LUKOIL has shown very high activity, and we with them carried on negotiations on this theme (cooperation in Iraq. - ) but while has occurred nothing.

- and negotiations with other companies about projects outside of Iraq?

- For today is not present. Potentially it is possible with Gazprom . It already was our partner in Iran on Southern Parsu, and it must be said, that it there was a first large active Gazprom abroad in investigation and working out.

- you co-operate with Rosneft ?

- We really would like to leave on a theme which could become the basis for cooperation, first of all in prospecting projects in territory of Russia. And now discussion of several such themes but while all is on initial hundred is conducteddii.

- even in the spring of 2007 head Rosneft Sergey Bogdanchikov spoke about cooperation prospects. Why so it is a lot of years it turns out of nothing?

- All know that in the history of our relations with Rosneft there was the uneasy moment connected with the Vankorsky deposit (Total had legal proceedings with Rosneft for a share in the project of working out of Vankora and though to the project and has not got, has seized in the end of 2006 at Rosneft $116 million - ). It is necessary to tell frankly that it does not promote improvement of relations. But today we do not have any disagreements. Simply we did not leave yet on any project which would interest us.

- kinds alternative to usual natural gas - slate gas, gas from coal layers now are even more often discussed. Whether there can be they real competitors to traditional extraction?

- the Theme of slate gas and other nonconventional kinds of gas will sound after 2012. It is very good news both to the gas industry, and to consumers. It means that gas stocks more than we assumed, and it will suffice on tens and tens years. But completely to satisfy a growing demand, only all the same it is not enough of it. After all, on the one hand, there are gas stocks, with another - capacities. And to increase extracting possibilities, in particular outside of the USA, time is required. So extraction will remain on to a regiment (a stable level of production without growth and falling. - ). In gas branch there is a same situation, as well as with the prices for oil: there are considerable stocks, including nonconventional kinds of raw materials. But their involving in working out needs considerable time. After all presence of stocks does not mean that during the concrete moment of time in the market oil suffices. It is necessary to consider political problems, economic problems of the cost price, an ecology and environment problem. Therefore in variety of the countries we do not manage to increase capacities with that speed from which we would like it.

- At session Global energy at the Petersburg forum there was a voting: whether you consider, what by 2030 there will be sources really alternative to gas? How you have voted?

- I have voted, as the majority (that is is not present . - ). But I have been surprised even by that 30 % think on - to another. It seems to me, it is connected by that the question has been set insufficiently clearly. I have understood it so: whether by 2030 there will be the energy sources, really capable to replace gas? And I have told: no. But some could understand on - to another: Whether there will be basically alternative sources? And here the answer - yes, and I would answer: yes. Gaza will suffice much more, than till 2030. But will extract its all more difficultly and more difficultly, and this all will manage more expensively and more expensively.