Nord Stream awards steel piping contract
Jan 22, 2010 01:00 AM
Russian-led consortium Nord Stream, which is planning to build a giant gas pipeline under the Baltic Sea, has awarded
a EUR 1-bn contract for steel piping, the group said.
"The value of the contract is around EUR 1.0 bn ($ 1.4 bn). (Germany's) Europipe was awarded 65 %, Russian pipe
company OMK 25 % and (Japan's) Sumitomo 10 %," Nord Stream said.
The three firms are to provide Nord Stream with 1 mm tons of pipe.
Construction of the 1,220-km (762-mile) pipeline linking Vyborg in Russia to Greifswald in Germany is set to begin in
April this year. Russian energy giant Gazprom is leading the project, which it says will lower the risk of supply
disruptions to western European markets.
