Saipem’s comment on South Stream
Published by Elizabeth Corner,
Senior Editor
World Pipelines,
With reference to the contract for the construction of the South Stream pipeline, Saipem notes the statements made by the Russian authorities and Gazprom’s Chairman in the media.
Saipem states that it has not received any formal notice of termination of the contract from the client, South Stream Transport BV.
Operational activities therefore continue to progress.
The potential interruption of work and any possible cancellation of the project are subject to the terms of the contract.
Edited from source by Elizabeth Corner
Read the article online at: https://www.worldpipelines.com/project-news/03122014/saipems-comment-on-south-stream/
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