Syrian president visits Russia’s Khmeymim airbaseWorld June 27, 18:17
National Guard to complete assigned missions both in Russia and abroadMilitary & Defense June 27, 18:10
Key facts about St. Petersburg International Maritime Defense ShowMilitary & Defense June 27, 17:57
Rosneft, Mars and Nivea are among victims of massive cyber attack in RussiaBusiness & Economy June 27, 17:04
Russian anti-doping body working on future strategy planSport June 27, 17:01
Senator warns US could plot strike against Syria under pretext of alleged chemical attackRussian Politics & Diplomacy June 27, 16:16
Russian, Ukrainian companies' websites under massive cyber attackWorld June 27, 16:14
Seoul mayor presents his 'e-government' urban administration system to TASSWorld June 27, 15:35
Envoy says military dialogue may help ensure safety over Baltic SeaRussian Politics & Diplomacy June 27, 15:13
MOSCOW, July 29. /TASS/. Italia’s Saipem, the contractor in the South Stream pipeline construction project, did not earn €1.232 bln due to cancellation of the project by Gazprom, the company said on Wednesday in its financial report.
Saipem said the total backlog includes the effects of the cancellation of the South Stream contract amounting to €1.232 bln following the notification of termination.
South Stream Transport B.V., the Gazprom’s subsidiary, informed Saipem on July 9 about the termination of the contract to build the first line of the gas pipeline’s subsea segment executed in 2014. The decision was dictated by the impossibility of reaching the agreement on many issues of the Turkish Stream gas pipeline project implementation, South Stream Transport said. The Gazprom’s subsidiary also said it will start negotiation with potential contractors for laying the first line of the Turkish Stream project.
The Turkish Stream gas pipeline project will be an alternative to the cancelled South Stream project.