Gazprom discusses South Stream contracts

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MOSCOW, Feb. 29 (UPI) — Russian officials met with directors to discuss the environmental impact and engineering design contracts for the South Stream pipeline, said Gazprom.

Russian natural gas company Gazprom officials met with top executives from the South Stream project, including the project’s director, Marcel Kramer, in Moscow.

“Special attention was paid to selection of contractors for the environmental impact assessment and front-end engineering design,” Gazprom said in a statement.

South Stream is a planned natural gas pipeline meant to diversity to Russian gas export options. Around 80 percent of Russian gas heads through the gas transit system in Ukraine and South Stream would avoid that territory by passing through the Black Sea to southern European markets.

The pipeline is designed to carry as much as 2.2 trillion cubic feet of natural gas to Europe each year. A final investment decision is expected by November and construction should begin in December, Gazprom said.

Natural gas supplies should start moving through South Stream by late 2015.

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