at port Burgas, Bulgaria, Sept 2014, image courtesy South Stream Transport B.V.
Saipem has just been given the go-ahead by South Stream Transport BV to commence construction of a multi-billion dollar 931 kilometer subsea gas pipeline that will connect Russia to Europe through the Black Sea. Water depths for this pipeline will reach up to 2200 meters.
South Stream Transport B.V. is wholly-owned by Gazprom.
Russian natural gas also flows via a land-based pipeline to Europe via Ukraine, but as the graphic above shows, the South Stream Offshore Pipeline intentionally skirts the Ukrainian exclusive economic zone which will allow unimpeded natural gas to flow to Europe. At the same time, this pipeline will provide Russia a means to restrict the flow of natural gas that enters Ukraine, should there be political reasons to do so, without affecting European deliveries.
The SSOP will consist of four pipelines that will provide up to 63 billion cubic meters of gas per year upon completion in 2018.
(Bloomberg) — Constellation Oil Services Holding SA’s bondholders are reaping a windfall due to increased demand for the company’s offshore rigs from Petroleo Brasileiro SA, a sharp recovery for a...
SINGAPORE, April 11 (Reuters) – Spot marine biofuel premiums have weakened further at the world’s largest bunker hub Singapore, weighed by slow demand, market sources said this week. Premiums for the flagship...
SYDNEY/WELLINGTON, April 10 (Reuters) – The U.S. Coast Guard has rejected comments by a Chinese diplomat that its recent boardings of Chinese fishing boats in the Pacific Islands alongside local police are illegal, saying...
April 10, 2024
Total Views: 4557
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.