Saipem restarts Black Sea gas pipeline work

摘要

Italian engineering group Saipem is to restart work on building an offshore gas pipeline in the Black Sea, it announced late Friday. The work seems to be associated with Russia’s planned Turkish Stream project to transport up to 63 Bcm/year of Russian gas to Turkey via the Black Sea from December 2016 onwards. The Turkish Stream project replaces Russia’s previous South Stream project, to ship gas to Europe across the Black Sea to Bulgaria.