Pipeliners

New and old destinations

 Gazprom   RusEnergy   World   Pipeliners  Zee Beam 








Friday, June 27, 2008

Italian firm signs deal to lay Nord Stream gas pipeline

Saipem logoMOSCOW, June 24 (RIA Novosti) - An Italian engineering company said Tuesday it had signed a contract to lay the first section of the Nord Stream gas pipeline. Saipem, 43% of whose shares are owned by the Italian energy giant Eni SpA, agreed the deal - worth more than $1 billion - with Nord Stream AG, the operator of the pipeline construction project. The first part of the 1,200 km (746-mile) pipeline, which will run from Russia to Germany under the Baltic Sea, is scheduled to start pumping gas in 2010. Russian energy giant Gazprom holds a 51% stake in operator Nord Stream AG, with Germany's BASF and E.ON each holding 24.5%.

Contact me:  

This page is powered by Blogger. Isn't yours?