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  • Saipem: update on the South Stream project
    édité le 31/12/2014 - Plus de news de "SAIPEM" - Voir la fiche entreprise de "SAIPEM"


Saipem: update on the South Stream project
With reference to the press release published on December 4, 2014 regarding the South Stream project, Saipem informs that it has received notification by South Stream Transport B.V. that does not expect significant changes in suspension status until 19th February 2015.

South Stream Transport B.V. has reserved their rights to amend the suspension notice in accordance with the relevant contract terms.

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 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 capacity in 2018.
Eni holds a 20 per cent stake in South Stream Transport, a joint project company focused on the construction of South Stream's offshore section. Italy is the second largest importer of Russian gas to the EU after Germany. In 2013 the volume of Gazprom's supplies to Italy made up 25.3 billion cubic meters of gas.

About Saipem

Saipem operates in the Engineering & Construction and Drilling businesses, with a strong bias towards oil & gas-related activities in remote areas and deep-waters. Saipem is a leader in the provision of engineering, procurement, project management and construction services with distinctive capabilities in the design and execution of large-scale offshore and onshore projects, and technological competences such as gas monetization and heavy oil exploitation.


Origine : Communiqué SAIPEM

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