Italian contractor Saipem, which has been selected for the construction of the underwater part of the pipeline “South Stream”, sent a request for arbitration with the International Chamber of Commerce in Paris against controlled by “Gazprom» South Stream Transport B.V. In November 2015, RBC, referring to the material to investors.
South Stream Transport is the operator of the construction of the underwater part of the “South Stream”, which should pass under the Black Sea, bypassing Ukraine, but was never implemented. According to the lawsuit Saipem requires it to 759 million euros.
It clarifies that this complaint may be included in the common action to recover damages for that contract was terminated, as well as a penalty subsidiary of “Gazprom”. In this case, the amount of damages has not yet been fully calculated. According to the materials of the Italian company, South Stream Transport has been notified of the impending arbitration proceedings already December 15, 2015.
According to the official representative of “Gazprom», South Stream Transport has received notice of the claim. He added that the company was trying to resolve the dispute peacefully, but the Italian contractor decided to sue. The Representative stressed that South Stream Transport intends to defend their interests and fully contested claims Saipem.
Earlier it was reported that Russia’s permanent representative to the EU Vladimir Chizhov did not rule out the possibility of the revival of the project “South Stream” in “the near future».


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