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Project Insights

Gazprom enlists Saipem for Serbian pipeline project

The deal suggests Gazprom is moving ahead with its plan to connect the second leg of Turkish Stream to Western European markets The deal suggests Gazprom is moving ahead with its plan to connect the second leg of Turkish Stream to Western European markets.
By Silvia Favasuli 27 July 2018 Europe & Russia / Pipelines, Storage & Power 0 31918
The first Serbian section of the abandoned South Stream pipeline. (Gazprom)

Italian oil and gas contractor Saipem has signed an agreement with Gazprom to conduct feasibility studies and engineering work on the first phase of a new pipeline project in Serbia.

The agreement provides the strongest indication yet that Gazprom – through its 100% owned Serbian subsidiary Gastrans – plans to move ahead with its so-called ‘South Stream Lite’ project, which would connect the second line of Turkish Stream to Western European markets.

Saipem published a note on Wednesday saying the company had won a contract for “engineering...