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South Stream Transport signs contract for laying first string of South Stream’s offshore section

24th March 2014

South Stream Transport have approved a contract for laying the first string of South Stream's offshore section

The Board members of South Stream Transport have approved the signing of a contract for laying the first string of South Stream's offshore section and a pipe procurement contract for the second string of the gas pipeline offshore section.

The contract for laying the first string will, among other things, envisage the landfalls infrastructure development and the construction of production facilities for four offshore gas pipeline strings in the shore crossing areas in Russia and Bulgaria.

South Stream's offshore section will comprise four parallel strings laid under the Black Sea within a single routing at the depth of more than 2,200 meters. Each string will be longer than 930 kilometres.

“The South Stream project is steadily progressing,” Alexey Miller, chairman of the Gazprom management committee, said. “Contracts for laying the first string as well as for procuring pipes for the second string will be signed before the end of this March. In less than two years the first gas supplies will be carried to Europe via the new route protected from transit risks.”

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. The first gas will be supplied via South Stream in late 2015. The gas pipeline will reach its full design capacity in 2018.

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