Gazprom Approves Contracts for South Stream’s Offshore Section

Gazprom approved the signing of a contract for the construction of the first string of South Stream’s offshore section, also opening the doors to a pipe procurement contract for a second part of the offshore section. 

“The South Stream project is steadily progressing. Contracts for laying the first string as well as for procuring pipes for the second string will be signed before the end of this March. In less than two years the first gas supplies will be carried to Europe via the new route protected from transit risks,” Alexey Miller, Chairman of the Gazprom Management Committee, said in a note released on Tuesday.

South Stream's offshore section will be made up by four parallel strings laid under the Black Sea within a single routing at the depth of more than 2,200 meters.

According to the company, each string will be longer than 930 kilometers.