Gazprom cancels Saipem pipeline contract
The company will no longer lay the first line of subsea pipeline South Stream
Gazprom has informed Saipem that it is cancelling the contract to lay the first line of the subsea pipeline South Stream that was concluded in 2014, it said 8 July. “The decision has been dictated by the impossibility of reaching an agreement on many practical and commercial questions to do with the execution of the Turkish Stream project,” the Russian exporter said. However, other work is continuing and in the very near future, South Stream Transport will enter into talks with possible contractors for laying the first line of Turkish Stream, it said. South Stream Transport morphed into the project company for Turkish Stream when Russia’s president, Vladimir Putin, resolved to scrap South St
Also in this section
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
