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2014-05-01 19:00:00

SOUTH STREAM: ON SCHEDULE

SOUTH STREAM: ON SCHEDULE

OAO Gazprom says the South Stream gas pipeline project is "progressing in strict compliance with the schedule."

From Russia, South Stream gas pipeline will cross the Black Sea to southern and central Europe.

"Only South Stream may offer now extra guarantees of energy security to Europe," said Alexey Miller, chairman of Gazprom's management committee.

Gas production will be delivered starting in late 2015. The pipeline is expected to reach full capacity of 63 billion cu m in 2018.

Gazprom said 8,500 jobs would be created in Bulgaria, Serbia, Hungary, Slovenia, and Croatia in building and operating South Stream.

Gazprom said Bulgaria is expected to sign contracts "soon" for equipment procurement, installation, personnel training, and commissioning of a pipeline section. Similar activities are being carried out in Serbia.

Main construction operations in Bulgaria and Serbia are scheduled for this summer.

In Hungary, front-end engineering and design work is under way, along with spatial planning and environmental impact assessment (EIA) activities.

Spatial planning and EIA also are in progress in Slovenia. Bids to design the Slovenian section will be announced before the beginning of summer.

In Croatia, a draft contract and scope of work for devising project documentation are being negotiated.

The investment concept is being developed for constructing a gas branch to Macedonia.

Gazprom has also started examining the possibility of creating a gas pipeline section in Austria simultaneously with the Slovenian section.

The offshore pipeline laying will begin this autumn.

The Russkaya main compressor station, South Stream's starting point, will have installed capacity of 448 Mw. Work on the station will be completed this year.

Large-scale construction continues on the Southern Corridor gas trunkline system to feed gas to South Stream.

ogj.com

Tags: GAZPROM, GAS, SOUTH, STREAM

Chronicle:

SOUTH STREAM: ON SCHEDULE
2018, December, 14, 08:55:00

GERMANY'S RENEWABLE: 38%

PLATTS - Renewables' share in Germany's power mix is set to reach 38% this year, ahead of the government's 2020 target of 35% but below-trajectory for 2030's 65% target, utility lobby group BDEW said Thursday.

SOUTH STREAM: ON SCHEDULE
2018, December, 14, 08:50:00

EBRD DECARBONISATION STRATEGY

EBRD - the Bank will no longer finance thermal coal mining or coal-fired electricity generation. The Bank will also stop funding any upstream oil exploration, and will not finance upstream oil development projects except in rare and exceptional circumstances, where such investments reduce greenhouse gas emissions.

SOUTH STREAM: ON SCHEDULE
2018, December, 14, 08:45:00

MALAYSIA'S GDP UP BY 4.7%

IMF - The Malaysian economy has shown resilience. Real GDP growth is projected at 4.7 percent for 2018, underpinned by domestic demand.

SOUTH STREAM: ON SCHEDULE
2018, December, 14, 08:40:00

BOLIVIA'S GDP UP BY 4.5%

IMF - Bolivia's real GDP growth is projected at 4.5 percent in 2018, one of the highest rates in the region. Growth is supported by continued accommodative policies, a second economy-wide wage bonus, and strong agriculture output.

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