Work on the Nord Stream 2 pipeline was completed in September, but no gas will flow through it in the coming months. Germany stopped the procedure for its certification and as soon as it became known, energy prices increased by 18%. As Le Monde predicts, gas and electricity prices will remain high in the near future.
Italian multinational oilfield services company Saipem will transport and install pipelines for Turkey's Sakarya Gas Field located in Blacksea.
The company was awarded two new offshore contracts for transportation and installation activities for a total amount of over $600 million, Saipem announced on Nov. 15.