Duma Adjournment Effectively Pushes Shtokman FID To 2012 At The Earliest

BMI View: The adjournment of Russia's lower house - the Duma - until after legislative elections on December 4, implies that no decisions are to be made with regard to tax breaks for the US$20bn Shtokman project. Nevertheless, we do see the project eventually being realised, despite the commercial and technical challenges.

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