South Stream: Supervisory Board Takes Note of Preparations
for Construction of South Stream Offshore Pipeline

8 July 2014   + + +   The Supervisory Board of Directors of South Stream Transport B.V. met today in Amsterdam to discuss progress of the South Stream Offshore Pipeline. The Supervisory Board was updated on preparations for construction of the first two underwater pipelines.

Activities to construct the first two lines through the Black Sea are ongoing. The first pipes for the South Stream Offshore Pipeline were delivered to the Port of Burgas in Bulgaria in May 2014. In June 2014, South Stream Transport received the Russian onshore construction permit and preparations for the construction of micro-tunnels and landfall facilities in Russia are underway. Offshore construction of the first line is to start in autumn 2014, when the pipe-laying vessel Castoro Sei will start welding pipes together at the Port of Burgas.

Infographic South Stream (Ausschnitt) ©  Gazprom

The South Stream Offshore Pipeline through the Black Sea is the offshore component of the South Stream Pipeline System which will increase the security of supply of natural gas from Russia to Central and South-Eastern Europe as it creates a new supply route and provides additional transport capacity. The Project will contribute to European energy security in a safe, reliable and environmentally responsible way and will help EU member states meet their CO2 reduction targets.

The South Stream Offshore Pipeline will have a length of 931 km. It will connect the world’s largest natural gas reserves in Russia with consumers in the European Union. The South Stream Offshore Pipeline will originate on the Russian Black Sea shore in the area of Anapa, cross the Turkish Exclusive Economic Zone in the Black Sea and land on the Bulgarian coast near Varna. Commercial operations are scheduled to start by the end of 2015. When fully operational, the South Stream Offshore Pipeline will consist of four pipeline strings, reaching an annual capacity of 63 billion cubic metres.

South Stream Transport B.V. is an international joint venture established for the planning, construction and subsequent operation of the offshore gas pipeline through the Black Sea. The Russian company Gazprom holds a 50% stake in the joint venture. The Italian company Eni has a 20% stake. The French energy company EDF and the German company Wintershall each hold 15%.

Source: South Stream
For further information, please visit: www.south-stream-offshore.com

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