Metals and mining, ENI
Russian pipe producers continue to ship pipes for underwater part of the "South Stream" pipeline to Bulgaria, the construction of which "Gazprom" canceled two weeks ago.
Russian pipe companies continued to produce and deliver the pipes for construction of the offshore section of the "South Stream" pipeline to Bulgaria, a source in one of the pipe companies told "the Vedomosti". Oleg Kalinskiy, the director of the Development Fund for the pipe industry, confirmed this: "We have not received official notification on the suspension of the "South Stream", and we continue to operate under the previous agreements".
TMK will supply 5,000 tons of large diameter pipes for the South Stream pipeline in November, the Vice CEO of TMK Trade House, A. Parkhomchuk claims. The company is able to supply its product to Russia and to the EU as well. The final decision will be made in the middle of the summer. In their opinion, the company is quite competitive and successful in the project.
TMK is going to supply pipes for the pipeline in December as well, but does not report on precise volume of supplies. In 2013 the company is also going to supply large pipes for South Stream. Read more »