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2014-03-19 20:05:00

SOUTH STREAM'S OFFSHORE SECTION

SOUTH STREAM'S OFFSHORE SECTION

NGE. Russia's Gazprom announced it is proceeding with the South Stream's offshore section, signing contracts with Italy's Saipem and a Japanese consortium comprised of Marubeni-Itochu and Sumitomo (40% of total output), United Metallurgical Company (35%) and Severstal (25%).

Oleg Aksyutin, Chief Executive Officer of South Stream Transport, and Stefano Bianchi, Senior Vice President of Saipem, signed a contract on Friday for the construction of the first line of the offshore section.

'According to the signed contracts worth around EUR 2 billion, Saipem will generate…

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Tags: SOUTH STREAM, GAS, GAZPROM, SAIPEM
Chronicle:
SOUTH STREAM'S OFFSHORE SECTION
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