Gazprom terminates the contract with Saipem on construction of South Stream / Photo from UNIAN
South Stream Transport, the operator of construction of the offshore section of the South Stream gas pipeline, has cancelled a contract with Italian Saipem on construction of the first offshore line, Russian information agency RIA Novosti reported with reference to Gazprom Information Directorate.
"Today, South Stream Transport BV has informed Saipem S.p.A. on termination of the contract on construction the first line of the offshore section of the pipeline, signed in the framework of the South Stream project in 2014," reads a late Wednesday statement by the Moscow gas exporter.
"In the near future, South Stream Transport BV will start negotiations with potential contractors for laying the first line of the Turkish Stream," the press service said.
As UNIAN reported earlier, Gazprom decided to suspend from July 1 the expansion of Southern Corridor, which was planned to feed Turkish Stream with gas.