Major gas pipeline to pass through Serbia

Russia has offered Belgrade that a part of the South Stream natural gas pipeline passes through the country.

Izvor: B92

Tuesday, 11.12.2007.

20:07

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Russia has offered Belgrade that a part of the South Stream natural gas pipeline passes through the country. This was announced Tuesday after a meeting between Energy and Mining Minister Aleksandar Popovic and Russian Ambassador to Serbia Aleksandr Alekseyev. Major gas pipeline to pass through Serbia If Serbia accepts the inter-state deal Russia is offering and ratifies it, it would make it the regional leader in the energy sector, Popovic said. Last year, Serbia and Russia signed a memorandum on understanding on the construction of a 400 km gas pipeline, worth USD 800mn. Its annual flow will amount to 20 billion cubic meters. The pipeline could generate USD 200mn for Serbia only in taxes. Previously, three options were in circulation for the construction of a branch of Russia's South Stream system to Italy, based on an agreement between Russian President Vladimir Putin and then Italian Prime Minister Silvio Berlusconi aimed at securing an additional 30 billion cubic meters of gas for the Apennine peninsula, as well as for Europe. All three branches were planned to started out from Bulgaria. The option was for the pipeline to go via Serbia, Bosnia-Herzegovina to Croatia and its Ploce Adriatic port. The second was planned to go via Greece, beneath the Adriatic Sea and the third through Romania, Hungary and Austria. Earlier, the media speculated that Russia was offering Serbia an energy agreement according to which the South Stream pipeline would pass through Serbia, while in return, Gazpromneft would get a majority share package of the Serbian oil monopoly, NIS. Aleksandar Popovic, Aleksandr Alekseyev, in news conference (Tanjug)

Major gas pipeline to pass through Serbia

If Serbia accepts the inter-state deal Russia is offering and ratifies it, it would make it the regional leader in the energy sector, Popović said.

Last year, Serbia and Russia signed a memorandum on understanding on the construction of a 400 km gas pipeline, worth USD 800mn.

Its annual flow will amount to 20 billion cubic meters.

The pipeline could generate USD 200mn for Serbia only in taxes.

Previously, three options were in circulation for the construction of a branch of Russia's South Stream system to Italy, based on an agreement between Russian President Vladimir Putin and then Italian Prime Minister Silvio Berlusconi aimed at securing an additional 30 billion cubic meters of gas for the Apennine peninsula, as well as for Europe.

All three branches were planned to started out from Bulgaria.

The option was for the pipeline to go via Serbia, Bosnia-Herzegovina to Croatia and its Ploče Adriatic port.

The second was planned to go via Greece, beneath the Adriatic Sea and the third through Romania, Hungary and Austria.

Earlier, the media speculated that Russia was offering Serbia an energy agreement according to which the South Stream pipeline would pass through Serbia, while in return, Gazpromneft would get a majority share package of the Serbian oil monopoly, NIS.

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