South Stream Transport Terminates Production, Deliveries of Pipes

Business » ENERGY | December 19, 2014, Friday // 13:35
Bulgaria: South Stream Transport Terminates Production, Deliveries of Pipes South Stream pipes stored at Bulgaria's Varna airport. Photo: BGNES

The company South Stream Transportation notified all companies producing and delivering pipes for the halted South Stream gas pipeline project to terminate those activities, reports the Russian daily Vedomosti.

The publication quotes two sources – from the production companies and from Gazprom.

According to Vedomosti, the decision was taken on Monday by the shareholders of the company and on Thursday the pipe producers got letters of notification.

Next Monday representatives of the companies would have a meeting to decide what to do with the already produced and delivered pipes.

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Tags: South stream, pipes, gas, pipeline, Gazprom
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