Russian state gas monopoly Gazprom has announced the results of the tender for the purchase of large diameter (LD) pipes for 2015-16 for the construction of Gazprom's major gas transmission project Power of Siberia. The value of the tender was RUB 67.8 billion ($1.086 billion).
In accordance with the terms of the tender, 163,900 mt of LD pipes will be delivered up to the second quarter of 2016.
In particular, Vyksa Steel Works, a part of Russia-based OMK Group, will supply pipes for the total amount of RUB 16.52 billion ($264.93 million), ChTPZ will supply pipes worth RUB 13.8 billion ($221.46 million), Izhora Pipe Mill, a part of Severstal's Russian Steel division, will supply RUB 13.5 billion ($216.5 million) worth of pipes, TMK will supply pipes with a value of RUB 12.647 billion ($202.86 million), while Pipe Innovation Technologies will supply pipes worth RUB 11.333 billion ($181.68 million).