The Gazprom Management Committee addressed the progress of 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.
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).