South Stream’s offshorThe Gazprom Management Committee addressed the progress with the South Stream gas pipeline construction project.

It was stressed that South Stream Transport was ready for constructing the most complicated part of the project – the first and the second strings of the offshore gas pipeline. FEED activities are completed for the offshore section. At present, the project contractor Saipem is engaged in detailed engineering of the submerged trunkline. Almost 300 thousand tons of pipes have been supplied for the first offshore string. Pipeline sections for the deep-water part are currently being welded in the port of Burgas

About South Stream

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 gas pipeline will reach its full capacity in 2018.
South Stream Transport is a joint project company (Gazprom holding a 50 per cent stake, Eni – 25 per cent and Wintershall and EDF – 15 per cent each).
Saipem S.p.A. is a subsidiary of Italian oil and gas concern Eni and one of the major global oil and gas contractors having large fleet for conducting marine operations and laying offshore gas pipelines with various diameters at a range of depths.

About Gazprom

Gazprom is a global energy company. Its major business lines are geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel as well as generation and marketing of heat and electric power.

Gazprom views its mission in reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers.

Gazprom holds the world’s largest natural gas reserves. The Company’s share in the global and Russian gas reserves makes up 18 and 72 per cent respectively. Gazprom accounts for 14 and 74 per cent of the global and Russian gas output accordingly. At present, the Company actively implements large-scale projects aimed at exploiting gas resources of the Yamal Peninsula, Arctic Shelf, Eastern Siberia and the Far East, as well as hydrocarbons exploration and production projects abroad.

Gazprom is a reliable supplier of gas to Russian and foreign consumers. The Company owns the world’s largest gas transmission network – the Unified Gas Supply System of Russia with the total length of over 168 thousand kilometers. Gazprom sells more than half of overall produced gas to Russian consumers and exports gas to more than 30 countries within and beyond the former Soviet Union.