Construction of South Stream Offshore Pipeline Landfall to Start in Summer
Thursday, 30 January 2014
The construction of the landfall of the South Stream Offshore Pipeline will begin in the summer of 2014, South Stream Transport B.V., the joint venture in charge of the construction and operation of the offshore section of the gas pipeline, said on Wednesday.
The first pipes for the first line of the South Stream Offshore Pipeline will be delivered to storage yards at the Bulgarian coast of the Black Sea in the summer of 2014, the company said. Following delivery and stockpiling of pipes at the Black Sea coast, offshore construction will start in autumn 2014.
Earlier this month South Stream Transport signed an option agreement for the storage and handling of pipe segments with the Bulgarian sea ports of Varna and Burgas.
South Stream Transport also said it has contracted three pipe mills - Germany's Europipe, Russia's OMK and Severstal’s Izhora Pipe Mill in Russia - to supply over 75,000 steel pipes for the first line of the South Stream Offshore Pipeline. The contracts have total value of approximately 1.0 billion euro ($1.37 billion).
The Gazprom-spearheaded South Stream pipeline will supply natural gas from Russia to central and Southeastern Europe. Its offshore part will run from Russia's Black Sea shore across the Turkish exclusive economic zone to the Bulgarian cost near Varna and will consist of four pipeline strings with annual capacity expected to reach 63 billion cubic metres.