Saipem, Technip vie for Nord Stream

MOSCOW, January 13, 2016 – Italian firm Saipem and France’s Technip are in competition for a tender to build the USD 4-billion expansion to Russia’s Nord Stream gas pipeline, a local business daily reported.

Kommersant named the two companies as in the running on Wednesday, also noting the involvement of Switzerland’s Allseas and Dutch-headquartered Royal IHC.

There had previously been speculation that Saipem, which is 43% owned by Eni, would participate in the tender.

The Gazprom-led consortium for the project has declined to reveal prospective bidders.

Nord Stream 2 is the expansion project for the Nord Stream pipeline, which runs mainly through the Baltic offshore from Russia to Germany.

The project’s scope includes two extensions covering a total of 2,500 km.

On Monday, a Russian government procurement website announced that three smaller tenders related to the expansion had been cancelled.

Read our latest insights on: