Nord Stream 2 signed Letter of Intent with Allseas

  • Offshore pipelay capacities secured for both lines
  • Nord Stream 2 project is on track

Dec. 9, 2016 | Zug | Following the international tender process, Nord Stream 2 AG and Allseas have today signed a Letter of Intent covering the offshore pipelay capacities for the Nord Stream 2 Pipeline through the Baltic Sea.

The Letter of Intent ensures that Allseas will undertake offshore pipelay works for the first line and also provides the option to book capacities from Allseas for the second line up to the end of the first quarter of 2017.  Negotiations to finalise the contract will continue within this timeline. Other tenders including the near-shore pipelay tenders in Russia and Germany are ongoing.   
Henning Kothe, Chief Project Officer of Nord Stream 2 AG said: “This step follows a thorough tender evaluation procedure in the highly specialised offshore pipelay market. We are pleased to have secured the necessary pipelay capacity for our project. The Nord Stream 2 Team will work in the next weeks to optimise and finalise the awards for both lines. It is a further important milestone in the development of the Nord Stream 2 project.”

PDF Download