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Stroitransgaz’s Arctic Terminal May Cost $1 Billion, RBC Says

An Arctic oil terminal that OAO Stroitransgaz will build for OAO Gazprom Neft’s Novoportovskoye field may cost $1 billion, RBC Daily reported, citing several analysts’ estimates.

Stroitransgaz said it won the contract as head of a group of companies that includes shipper OAO Sovkomflot, Simferopol- based Institute Shelf and Van Oord Offshore BV of the Netherlands. Stroitransgaz didn’t specify the contract cost in a statement on its website yesterday.

To contact the reporter on this story: Marina Sysoyeva in Moscow at msysoyeva@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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