Space technologies offer glimpse at Tsar Ivan the Terrible’s rare portraitSociety & Culture May 26, 8:05
Meteorologists name world’s deadliest cyclones, tornadoes and hailstormsWorld May 26, 7:51
Most Americans view Russia as unfriendly country — surveySociety & Culture May 26, 7:35
Trump yet to determine his stance on anti-Russian sanctionsWorld May 26, 6:29
Russia ensuring rights of workers at FIFA World Cup construction sitesSport May 26, 3:08
Russian emergencies minister arrives in flood-hit southern RussiaWorld May 26, 2:56
NATO to join anti-IS coalition but unlikely to engage in combatWorld May 26, 0:23
Son of LUKOIL corporation co-owner tops list of Russia's richest legateesBusiness & Economy May 26, 0:23
Russian Foreign Ministry: OPCW not rushing to investigate chemical incident in SyriaRussian Politics & Diplomacy May 25, 21:28
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.