Alexey Miller, Chairman of the Gazprom Management Committee took part today in the South Stream Transport Supervisory Board meeting in Zurich (Switzerland).
The Board members approved the signing of a contract for laying the first string of South Stream's offshore section and a pipe procurement contract for the second string of the gas pipeline offshore section.
The contract for laying the first string will, among other things, envisage the landfalls infrastructure development and the construction of production facilities for four offshore gas pipeline strings in the shore crossing areas in Russia and Bulgaria.
South Stream's offshore section will comprise four parallel strings laid under the Black Sea within a single routing at the depth of more than 2,200 meters. Each string will be longer than 930 kilometers.
“The South Stream project is steadily progressing. Contracts for laying the first string as well as for procuring pipes for the second string will be signed before the end of this March. In less than two years the first gas supplies will be carried to Europe via the new route protected from transit risks,” said Alexey Miller.