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Sumitomo Wins Contract to Supply UOE Line Pipe
02/01/2010 - Sumitomo Metal Industries, Ltd. and Sumitomo Corp. have won a contract from Nord Stream AG to supply large-diameter welded (UOE) line pipes, coated on the inner and outer walls, for the Nord Stream Project.
Sumitomo Metal Industries, Ltd. and Sumitomo Corp. have won a contract from Nord Stream AG to supply large-diameter welded (UOE) line pipes, coated on the inner and outer walls, for the Nord Stream Project.
The project, which links Russia and the European Union via the Baltic Sea, is to lay two offshore pipelines (each being approximately 1220 km in length) on the seabed. Sumitomo's pipes will be used for its second line, the Line 2.
Bare pipes are to be produced in Sumitomo Metals' Kashima Steel Works; a coating process is to be arranged by Sumitomo Corp.
Start of on-site delivery of coated pipes is expected in September 2010. The contract is worth approximately 91 million euro.
Nord Stream AG is an international joint venture company established for the planning, construction, and subsequent operation of the Nord Stream Pipeline. Russian OAO Gazprom holds a 51% stake of the joint venture. German companies BASF/Wintershall Holding AG and E.ON Ruhrgas AG hold 20% each, and a Dutch gas infrastructure company, N.V. Nederlandse Gasunie, has a 9% stake.
