Gazprom terminates contracts for pipeline leading to Nord Stream 2

Gazprom has terminated contracts for pipeline materials for a pipeline intended to feed into Nord Stream 2, because it believes the price is too high.
By Staff reporter 21 December 2017 0 28879

Gazprom has terminated contracts for pipeline materials for the Gryazovets-Slavyanskaya pipeline, which is intended to feed gas into Nord Stream 2, because it believes the price is too high, business daily Vedomosti reported on Thursday.

Companies received letters on Wednesday notifying them about the cancellation of the contracts because of a change in Gazprom’s pricing policy for large-diameter pipe purchases.

The cancellation order was signed by Mikhail Sirotkin, the head of the Russian gas giant’s department for the management of corporate expenses.

Vedomosti said the order refers to...

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