Date: a month ago   Category: Energy

Gazprom and the Italian Saipem reached the settlement agreement — Rambler News Service


Photo: globallookpress.com South Stream Transport B.V Company. (subsidiary of Gazprom) and the Italian company Saipem signed the settlement agreement, it is said in the statement of Saipem. "South Stream Transport B.V. and Saipem S.p.A. positively completed the negotiations, having signed the contract on the settlement agreement concerning the contract for laying of the offshore pipeline South Stream signed on March 14, 2014" — it is said in the statement. Earlier Italian edition Milano Finanza wrote that the draft agreement provides participation of Saipem in new projects of Gazprom. On December 16, 2015 South Stream Transport B.V. received the formal notice from the secretariat of Arbitration court of the International Chamber of Commerce (ICC) that the request from the Saipem company for conducting arbitration proceedings in connection with unilateral cancellation of the contract of March 14, 2014 for construction of the South Stream gas pipeline came to MTP. The sum of the current requirements of Saipem to SST is about €615 million. Trial dates are set for June, 2019. On March 10, 2017 South Stream Transport presented objections on the claim with the application of testimony and expert opinions according to which the defendant proves the position and also declared the counterclaim for the sum about €730 million.

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