Moscow (Platts)--29Jan2013/720 am EST/1220 GMT
Russia's state-owned Gazprom plans to invest Rb509.59 billion ($16.9 billion) for construction of the South Corridor gas transportation system, which will pump gas across the country to the future South Stream pipeline, according to company data published late Monday. The South Corridor will also deliver additional gas to Russia's central and southern regions, Gazprom said early last year. The investments in the South Corridor are allocated until end 2017, when the last of the four South Stream lines is scheduled to launch, Gazprom said. Gazprom's 2013 investments in the South Corridor are set at Rb82.5 billion. Article continues below...Request a free trial of: European Gas DailyEuropean Gas Daily is a flagship Platts publication that delivers crucial competitive intelligence across the entire European gas marketplace. It keeps you ahead of critical price changes and their effects on the industry -- to help you make informed market decisions.
Russia's state-owned Gazprom plans to invest Rb509.59 billion ($16.9 billion) for construction of the South Corridor gas transportation system, which will pump gas across the country to the future South Stream pipeline, according to company data published late Monday. The South Corridor will also deliver additional gas to Russia's central and southern regions, Gazprom said early last year. The investments in the South Corridor are allocated until end 2017, when the last of the four South Stream lines is scheduled to launch, Gazprom said. Gazprom's 2013 investments in the South Corridor are set at Rb82.5 billion.
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European Gas Daily is a flagship Platts publication that delivers crucial competitive intelligence across the entire European gas marketplace. It keeps you ahead of critical price changes and their effects on the industry -- to help you make informed market decisions.
The South Stream pipeline is to carry up to 63 billion cubic meters/year of Russian gas across the Black Sea to Bulgaria, from where it will go to Serbia-Hungary-Slovenia and on to northern Italy. Two offshoots could be built to Bosnia-Herzegovina and Croatia. The project will include four parallel lines of 15.75 Bcm/year capacity each, with the first commercial deliveries scheduled for late 2015. Gazprom expects to build the second and third lines by the end of 2016. A fourth line is scheduled to follow by the end of 2017. Gazprom estimates that the 925 km (573.5 mile) subsea section will cost Eur10 billion ($12.81 billion) at 2010 prices. The investment needed for the 1,455 km onshore section in Europe, including eight compressor stations, is estimated at Eur6 billion, according to the company. The land sections will be built by Gazprom in cooperation with local companies. Construction of onshore infrastructure on the Russian Black Sea coast started in December.--Dina Khrennikova, dina_khrennikova@platts.com--Edited by Geetha Narayanasamy, geetha_narayanasamy@platts.com
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