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Saipem to construct second section of South Stream Transport

30th April 2014

Italian player Saipem has strengthen its engineering and construction hold over the Black Sea offshore pipeline

Saipem to construct second section of South Stream Transport
The entire offshore South Stream project consists of four parallel gas pipelines, across the Black Sea from Russia to Bulgaria, each 931 kilometers long, to be laid at depths of up to 2,200 meters.

Saipem, a subsidiary of Eni, has been contracted by South Stream Transport to provide supporting works relating to the construction of the second line of the South Stream Offshore Pipeline for a total value of approximately USD 552m.

The entire offshore South Stream project consists of four parallel gas pipelines, across the Black Sea from Russia to Bulgaria, each 931 kilometers long, to be laid at depths of up to 2,200 meters.

According to this contract Saipem will perform additional supporting works, including engineering, coordination of storage yards, cable crossing preparation, and connecting the offshore pipeline to the landfall sections through so called “tie ins”.

The works relating to the construction of the second line will end by the end of 2016.

This contract is an addendum to the major contract for the first line of the South Stream Offshore Pipeline project signed on the 14 March 2014.

South Stream Transport B.V. is an international joint venture between Gazprom (50 per cent), Eni (20 per cent), EDF (15 per cent) and Wintershall (15 per cent).

South Stream is Gazprom's global infrastructure project aimed at constructing a gas pipeline with a capacity of 63 billion cubic meters across the Black Sea to Southern and Central Europe for the purpose of diversifying the natural gas export routes and eliminating transit risks. At present, South Stream is under construction in Russia, Bulgaria and Serbia.

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