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Gazprom seeks new contractor to start Turkish Stream

Staff writer |
South Stream Transport, a wholly-owned subsidiary of Russian Gazprom, said talks will soon begin with new contractors to start construction work on the Turkish Stream gas pipeline from Russia to Turkey.

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Gazprom cited a failure to reach an agreement with the Italian engineering company Saipem.

"Today South Stream Transport B.V informed Saipem S.p.A. of the cancellation of the contract to build the first segment of the gas pipeline's undersea section, an agreement reached during the realization of the 'South Stream' project in 2014," South Stream Transport announced.

Saipem had been due to begin laying the first pipeline, beginning at the Russkaya Compressor Station near Anapa in Russia, at the beginning of June; construction of the line is planned to be finished in December 2016.

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