6.4 C
January 28, 2022

South Stream Transport signed two new contracts

Yesterday South Steam Transport AG (Switerland) has signed two new contracts for the implementation of its offshore pipeline through the Black Sea, according to a press release. The  contract for Front End Engineering and Design (FEED) is with INTECSEA BV (Netherlands) and the Environmental and Social Impact Assessment (ESIA) agreement is with URS Infrastructure & Environment UK Ltd. (United Kingdom). Both agreements are an important step in enabling South Stream Transport to start delivering natural gas from 2015 through the Black Sea. “The South Stream Pipeline through the Black Sea is taking another decisive step towards project execution. We believe we have found the right partners in INTECSEA and URS to help us meet our ambitious targets. Both companies have major expertise and knowledge to support us in a timely and efficient implementation of our offshore pipeline project,” says Marcel Kramer, CEO South Stream Transport AG.

Related posts

Erste: Rising interest for investments, but much under European level

Nine O' Clock

Foreign investors propose VAT cut, lower health insurances contribution

Nine O' Clock

Petrol price might reach RON 7/liter this summer

Nine O' Clock