Oil Report

Nord Stream awards 1 bln euros tender for gas link

MOSCOW, Jan 22 (Reuters) - Nord Stream AG on Friday said it has awarded Russia's OMK, Japan's Sumimoto 8053.T and Germany's Europipe with a contract worth 1 billion euros to supply pipes for the second link of the Baltic gas pipeline.

The Russian-German consortium said in a statement that Europipe was awarded 65 percent, OMK 25 percent, and Sumitomo 10 percent of the contract to supply 1 million tonnes of steel pipe.

“The tender award for the second 1,220 kilometre gas pipeline from Vyborg in Russia to Lubmin in Germany will ensure timely delivery of the pipes in line with the logistic requirements of the Nord Stream project,” the statement said.

The consortium plans to transport 55 billion cubic metres of gas per year from Russia to Germany when completed in 2012.

Reporting by Vladimir Soldatkin; editing by Alfred Kueppers