Gazprom commissioned USD 270 mln gas pipeline installed by Romanian company

Newsroom 08/08/2011 | 15:52

The gas pipeline installed by the Romanian company GSP (Petrol Services Group) was commissioned by Russia’s energy company Gazprom in June 2011. The project involved laying a 177 kilometers gas pipeline along the Russian continental shelf of the Black Sea, between Dzhubga-Lazarevskoe-Soci and connecting it with the Russia – Turkey inter continental pipeline. It is projected that the gas pipeline will have an annual throughput capacity of approx 3.8 billion cubic meters.
“DLS project represents for GSP the confirmation of meeting one of our strategic objectives: acceding into the first league of offshore integrated oil and gas services providers worldwide. The management of all the subsea pipeline installation and adjoining works within the USD 270 million worth contract having the giant Gazprom as final beneficiary speaks by itself about our growth rate, about the achieved performance level in the turnkey projects management and successful delivery of major projects. Acceding the Russian market with such a large scale project, GSP sends the signal that it is in our intent to develop a long term collaboration with the major Russian oil and gas market players, the DLS project being only the first step”, declared Fanel Hahui, GSP’s CEO.
The Dzhubga – Lazarevskoye – Sochi gas pipeline is part of the Program for Construction of Olympic Facilities and Development of Sochi as a Mountain-Climatic Resort by 2014,  when the Winter Olympics will be organized in this region. Works on the pipeline project began in 2009 and were finished in the summer of 2011.

GSP is a member of UPETROM Group and it’s headquartered in Constanta Harbor, Romania.

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