Jun 13 - South Stream’s Offshore Section Construction to Start in Second Quarter of 2014

Source Press Release
Company Gazprom PJSCENI S.p.A. 
Tags Pipelines/ tankers/ distribution, Midstream
Date June 21, 2013

A meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Paolo Scaroni, Chief Executive Officer of Eni took place as part of the St. Petersburg International Economic Forum 2013.

The parties addressed joint projects in the energy sector, paying special attention to the South Stream gas pipeline construction. It was agreed that the offshore section of the South Stream gas pipeline would be constructed starting from the second quarter of 2014.

Consideration was also given to Russian gas supplies to Italy, with an emphasis placed on a significant increase in Gazprom's exports starting from 2013. At the end of the meeting the parties agreed to adjust the gas price in 2013.

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