NO. 35



Saipem Awarded Contract to Lay the Transmed Two

SNAM, the operator of the Transmed gas pipeline linking Algeria and Italy,has awarded Saipem of Italy a letter of intent for Transmed phase two, providingfor the laying of two 26-inch gas lines across the Mediterranean from Tunisia toSicily. The new lines will increase the gas throughput from Algeria to Italyfrom the current 12bn cu. ms./yr to around 25 bn cu.ms./yr by 1994. The Saipemsubsidiary European Marine...