Nord Stream 2 Awards Voestalpine Its Largest Deal

Nord Stream pipeline installation

Voestalpine has secured a new contract for the Nord Stream 2 pipeline project between Europe and Russia.

After having supplied 170,000 tonnes of linepipe plates for the first part of the gas pipeline in the Baltic Sea between 2008 and 2010, the company will now produce several hundred thousand tonnes for the Nord Stream 2.

According to the company, this order is the largest in the Voestalpine Grobblech GmbH’s history.

Voestalpine will handle the order together with its Russian partner OMK, between August 2016 and February 2018.

“In view of today’s highly competitive market environment for investment in the oil and gas industry, this major contract is extremely welcome. It proves once again that Voestalpine is seen as a reliable partner when it comes to highest-quality special products for technologically demanding pipeline projects,” said Herbert Eibensteiner, member of the management board of Voestalpine and head of the steel division.

Nord Stream is a 1,200 km offshore pipeline transporting natural gas from the Yuzhno-Russkoye natural gas field and neighboring fields in Siberia via the Baltic Sea to Germany. As this pipeline is running almost at full capacity, having transported around 40 billion cubic meters of gas to the EU through both lines in 2015, construction of Nord Stream 2 with two further pipelines is to go ahead.

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