NORD STREAM PLACES ONE BILLION EURO CONTRACT FOR STEEL PIPES
January 1st, 2010
BY KEITH NUTHALL
THE CONSORTIUM operating the Nord Stream project gas pipelines between Russia and Germany has decided on the three companies who will supply the million tonnes of steel required to build a second line. Europipe (Germany), OMK (Russia) and Sumitomo (Japan) will share a Euro 1 billion contract: Europipe will supply 65% of the steel; OMK 25 %; and Sumitomo 10%. This second 1,220 kilometres gas pipeline from Vyborg in Russia to Lubmin in Germany will run alongside a first pipeline, for which tenders were awarded in 2007. The latest decision was ...
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