Russian diplomat points to possible ways of improving relations with USRussian Politics & Diplomacy February 28, 16:24
GLONASS terrestrial station goes live in South AfricaScience & Space February 28, 16:19
Putin stresses Russia never interferes in other countries’ domestic policyRussian Politics & Diplomacy February 28, 15:36
Putin sure Russia, Belarus will find solution to disputesRussian Politics & Diplomacy February 28, 15:31
Google requests settlement with Russia's antimonopoly watchdog — regulatorBusiness & Economy February 28, 15:25
Russian top diplomat says humanitarian situation in Mosul much worse than in AleppoRussian Politics & Diplomacy February 28, 15:23
Putin says Russia will not support sanctions against Syrian leadershipRussian Politics & Diplomacy February 28, 15:10
Putin says he may close down Kant base if Kyrgyzstan no longer needs Russian helpMilitary & Defense February 28, 14:51
Russian Defense Ministry denies plans for setting up new military bases abroadMilitary & Defense February 28, 14:31
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.