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Gazprom Awards $654Mln Contract for New Ukhta-Torzhok 2 Pipeline

Sputnik International

Russia's largest oil and gas contractor has signed three contracts with Gazprom energy company to build stretches of the gas pipeline in northwestern Russia... 26.12.2016, Sputnik International

2016-12-26T12:09+0000

2016-12-26T12:16+0000

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Gazprom Awards $654Mln Contract for New Ukhta-Torzhok 2 Pipeline

12:09 GMT 26.12.2016 (Updated: 12:16 GMT 26.12.2016)

Russia's largest oil and gas contractor has signed three contracts with Gazprom energy company to build stretches of the gas pipeline in northwestern Russia, Gazprom documents published Monday indicate.

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9 December 2016, 15:19 GMT

MOSCOW (Sputnik) – Stroygazmontazh will be tasked with construction and installation at three sites on a 173-mile stretch of Ukhta-Torzhok 2 pipeline for a total of $653.9 million, the documents state.

The pipeline is described as a key gas transmission infrastructure for Russia's Unified Gas Supply System.

Ukhta-Torzhok 2 plays a key role in ensuring the delivery of the needed gas volumes to northwestern Russia for domestic consumption and export purposes, including in order to deliver natural gas into Nord Stream 2, according to Gazprom's website.