UK markets closed
  • FTSE 100

    6,893.81
    +12.22 (+0.18%)
     
  • FTSE 250

    17,168.34
    +377.94 (+2.25%)
     
  • AIM

    806.38
    +7.99 (+1.00%)
     
  • GBP/EUR

    1.1383
    +0.0059 (+0.52%)
     
  • GBP/USD

    1.1166
    +0.0043 (+0.38%)
     
  • BTC-GBP

    17,414.57
    -65.26 (-0.37%)
     
  • CMC Crypto 200

    443.49
    +0.06 (+0.01%)
     
  • S&P 500

    3,585.62
    -54.85 (-1.51%)
     
  • DOW

    28,725.51
    -500.10 (-1.71%)
     
  • CRUDE OIL

    79.74
    -1.49 (-1.83%)
     
  • GOLD FUTURES

    1,668.30
    -0.30 (-0.02%)
     
  • NIKKEI 225

    25,937.21
    -484.84 (-1.83%)
     
  • HANG SENG

    17,222.83
    +56.96 (+0.33%)
     
  • DAX

    12,114.36
    +138.81 (+1.16%)
     
  • CAC 40

    5,762.34
    +85.47 (+1.51%)
     

Salzgitter Aktiengesellschaft: Group participation EUROPIPE receives major order for pipeline in the Gulf of Mexico

·2-min read

DGAP-News: Salzgitter Aktiengesellschaft / Key word(s): Incoming Orders
Salzgitter Aktiengesellschaft: Group participation EUROPIPE receives major order for pipeline in the Gulf of Mexico
16.09.2022 / 12:37 CET/CEST
The issuer is solely responsible for the content of this announcement.

At the end of August, EUROPIPE GmbH, a joint venture of Salzgitter Mannesmann GmbH and Aktien-Gesellschaft der Dillinger Hüttenwerke, received an order from TC Energy (TCE) to supply the Southeast Gateway Pipeline in the Gulf of Mexico.

In partnership with the Mexican state-owned power utility Comisión Federal de Electricidad (CFE), TCE is building a new offshore gas pipeline to secure the power supply in southeastern Mexico. The 715 km deepwater pipeline is a $4.5 billion investment to supply energy to millions of Mexicans.

Around half of the very demanding 36" (DN 914 mm) thick-wall pipeline pipes will be supplied by
EUROPIPE Mülheim. The order includes the supply of 265,000 tons of pipe (365 km) including anti-corrosion coating.

The Southeast Gateway Pipeline, which is scheduled to come on stream in mid-2025, will run from Tuxpan (state of Veracruz) through the Gulf of Mexico to Coatzacoalcos (state of Veracruz) and Dos Bocas (state of Tabasco) and will transport around 37 million cubic meters of natural gas per day.

The raw material for the pipe production is provided by EUROPIPE's shareholders, the Salzgitter Group and AG der Dillinger Hüttenwerke. EUROPIPE subsidiary MÜLHEIM PIPECOATINGS GmbH is responsible for the external coating and internal lining of the pipes.

 

Contact:

Markus Heidler

Head of Investor Relations

Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter

Phone +49 5341 21-6105
Fax +49 5341 21-2570
E-Mail ir@salzgitter-ag.de


16.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Salzgitter Aktiengesellschaft

Eisenhüttenstraße 99

38239 Salzgitter

Germany

Phone:

+49 5341 21-01

Fax:

+49 5341 21-2727

E-mail:

info@salzgitter-ag.de

Internet:

www.salzgitter-ag.de

ISIN:

DE0006202005

WKN:

620200

Indices:

SDAX

Listed:

Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1444525


 

End of News

DGAP News Service

show this
show this