In the Barents Sea, Statoil is developing the Snohvit project, which contains an estimated 5.7 Tcf of proven Natural Gas reserves. Snohvit will combine production from three gas fields (Snohvit, Albatross, and Askeladd), a Pipeline connecting these fields to an onshore receiving terminal near Hammerfest, and a liquefied natural gas (LNG) export terminal (see below). According to Statoil, first production from the Snohvit field should occur in June 2007, with production from the other two fields beginning in over the following 5-10 years. Norway has worked with Russia to jointly develop the giant Shtokman natural gas field and pursue other Oil and gas projects in the area. One issue that has stalled the development of natural gas reserves in the area has been the lack of a defined maritime boundary between the two countries. The area of dispute between the two countries contains oil and natural gas reserves estimated at 12 billion barrels of oil equivalent.