Allseas Grabs Nord Stream 2 Pipelay Job
- Business & Finance
Nord Stream 2 AG and Allseas have signed a letter of intent covering the offshore pipelay capacities for the Nord Stream 2 Pipeline through the Baltic Sea.
The Letter of Intent ensures that Allseas will undertake offshore pipelay works for the first line and also provides the option to book capacities from Allseas for the second line up to the end of the first quarter of 2017.
It is said that negotiations to finalise the contract will continue within this timeline.
Other tenders including the near-shore pipelay tenders in Russia and Germany are ongoing, Nord Stream 2 AG informed.
Henning Kothe, chief project officer of Nord Stream 2 AG, said: “This step follows a thorough tender evaluation procedure in the highly specialised offshore pipelay market. We are pleased to have secured the necessary pipelay capacity for our project. The Nord Stream 2 Team will work in the next weeks to optimise and finalise the awards for both lines. It is a further important milestone in the development of the Nord Stream 2 project.”
Nord Stream 2 is a planned pipeline through the Baltic Sea, which will transport natural gas over 1,200 kilometers from the world’s largest gas reserves in Russia. Nord Stream 2 will largely follow the route and design of the Nord Stream pipeline.
As of today, more than 280 kilometers of pipes are said to have been produced by the three pipe mills (Europipe, OMK and ChelPipe). By the end of 2016, 25 % of pipes of one line will be delivered to the storage facilities in Kotka, Finland and Mukran, Germany ahead of the start of the concrete weight coating in 2017.