ABB Ld
25 January 2000
ABB TO DELIVER THREE COMPRESSOR STATIONS FOR NATURAL GAS PIPELINE IN POLAND
Order valued at more than US$200 million is ABB's second for pipeline linking
Russia and Germany
Zurich, Switzerland, January 25, 2000 - ABB, the global technology group said
today it has signed a contract to deliver another three compressor stations to
the Yamal project - the natural gas pipeline between Russia and Germany. The
value of the order is more than US$200 million.
The contract was awarded by EuRoPol GAZ S.A., of Poland, a joint venture formed
to build and own the Polish part of the pipeline, and PHZ Bartimpex S.A. of
Poland. The joint venture partners of EuRoPol GAZ S.A. are RAO Gazprom of
Russia, the state-owned Polish Oil & Gas Company of Poland, and Gaz-Trading S.A.
also of Poland.
ABB will build three gas compressor stations equipped with GT10 industrial gas
turbines from ABB ALSTOM POWER, pressure reducing systems to transport the gas
through local networks as well as flow metering facilities. The pipeline, the
longest in the world, is designed to transport natural gas more than 4,000
kilometers, from the Yamal peninsula in Western Siberia through Belarus to
Poland and Germany.
The order is the second won by ABB for compressor stations along the Polish
sector of the pipeline. The first order for two stations was awarded in 1998,
with one of the stations turned over to the customer in December 1999. The
orders are part of a long-term cooperation agreement between ABB and Gazprom
signed in 1998.
ABB is a global technology company serving customers in
power transmission and distribution; automation; oil, gas, and petrochemicals;
industrial products and contracting; and in financial services. Power
generation customers are served by the joint venture ABB ALSTOM POWER. The ABB
Group employs about 170,000 people in more than 100 countries.
ABB Corporate Communications, Zurich ABB Investor Relations
John Fox Manfred Ebling
Tel: +41 1 317 7406 Tel: +41 1 317 7266
Fax: +41 1 317 7958 Fax: +41 1 311 9817
john.fox@ch.abb.com investorrelations@ch.abb.com
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