South Stream Transport
South Stream Transport B.V. is based in Amsterdam, The Netherlands. As a subsidiary of OAO Gazprom, the Company is responsible for the construction of the TurkStream Offshore Pipeline through the Black Sea.
South Stream Transport was originally established for the planning and construction of the South Stream Offshore Pipeline. In preparation for the South Stream Project, the Company build up a wealth of expertise in offshore pipeline engineering. With a team of over 200 international experts and renowned suppliers from all over the world, the company developed a pioneering design for deep-water pipelines and oversaw the qualification, testing and production of pipes according to the highest quality standards.
Upon cancelation of the South Stream Project in 2014, OAO Gazprom chose to retain the expertise and assets of South Stream Transport. As of 2015, the Company is working to develop the TurkStream Offshore Pipeline in a safe and environmentally responsible manner, once again extending the frontier of offshore pipeline engineering.
OAO Gazprom is the world’s largest supplier of natural gas, accounting for approximately 15% of global gas production. It was established as a joint stock company in 1993, and is partly owned by the Russian state (50.002%). The company’s core activities include the exploration, production, transportation, storage, processing and marketing of hydrocarbons, as well as the generation and marketing of heat and electric power.
Gazprom controls approximately 70% of Russian gas reserves, produces 78% of all Russian natural gas and generates 17% of electricity in Russia. A leading company in the construction and operation of gas pipelines, it controls a 161,700 km gas pipeline network, which transports roughly 660 bcm of natural gas per year.