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...
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