Gazprom Said to Seek Saipem Settlement With Nord Stream 2 Deal
- Saipem demands 760 million euros over cancelled Black Sea deal
- Deal may be signed in June at St. Petersburg business summit
This article is for subscribers only.
Russia is planning to offer Saipem SpA a contract to lay a natural gas pipeline in the Baltic Sea in an effort to settle a 760-million euro ($870 million) dispute and strengthen ties with Italy, according to two government officials in Moscow.
State-run Gazprom PJSC may sign a deal with Saipem on a planned 10-billion euro offshore link known as Nord Stream 2 at an economic forum in St. Petersburg on June 16-18. An agreement on a settlement may be reached before then, they said, asking not to be identified as the information is private.