"Deal on South Stream next week"

Energy Minister Petar Škundrić says that Serbian gas company Srbijagas and Russian Gazprom will most likely sign a core agreement next week.

Izvor: Beta

Wednesday, 06.05.2009.

09:28

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Energy Minister Petar Skundric says that Serbian gas company Srbijagas and Russian Gazprom will most likely sign a core agreement next week. The signing of the con the South Stream gas pipeline in Sochi, Russia, next week. "Deal on South Stream next week" He did not give reporters the specific date of the signing of the deal on the South Stream gas pipeline, but said it will most likely take place next week in Sochi, Russia, Beta news agency reported. The arrangement will envisage conditions for the founding of a joint company that will manage the South Stream's section in Serbia, he said. In an interview with Novi Sad daily Dnevnik, Srbijagas General Manager Dusan Bajatovic announced that the company will sign a contract on the South Stream pipeline with Gazprom on May 14. Skundric said that the signing of the deal on the international pipeline will be "at a high level," but was unable to say whether the representatives of all states involved in the project will be present in Sochi. Srbijagas and Gazprom in Moscow in late December 2008 signed a document on the basic conditions for an agreement on cooperation in the construction of the South Stream gas pipeline through Serbia. Based on that document, the Russian national gas company holds a 51 percent stake in the joint venture. On April 15, Skundric said, "A feasibility study on the construction of the gas pipeline through Serbia is to be finished by September 2009 and the study on the entire South Stream project... by the end of June 2010." The future pipeline is to transmit Russian gas below the Black Sea to Bulgaria and further on through a 900-kilometer pipeline to other European countries. According to announcements from Moscow, the pipeline is targeted for completion in 2015.

"Deal on South Stream next week"

He did not give reporters the specific date of the signing of the deal on the South Stream gas pipeline, but said it will most likely take place next week in Sochi, Russia, Beta news agency reported.

The arrangement will envisage conditions for the founding of a joint company that will manage the South Stream's section in Serbia, he said.

In an interview with Novi Sad daily Dnevnik, Srbijagas General Manager Dušan Bajatović announced that the company will sign a contract on the South Stream pipeline with Gazprom on May 14.

Škundrić said that the signing of the deal on the international pipeline will be "at a high level," but was unable to say whether the representatives of all states involved in the project will be present in Sochi.

Srbijagas and Gazprom in Moscow in late December 2008 signed a document on the basic conditions for an agreement on cooperation in the construction of the South Stream gas pipeline through Serbia. Based on that document, the Russian national gas company holds a 51 percent stake in the joint venture.

On April 15, Škundrić said, "A feasibility study on the construction of the gas pipeline through Serbia is to be finished by September 2009 and the study on the entire South Stream project... by the end of June 2010."

The future pipeline is to transmit Russian gas below the Black Sea to Bulgaria and further on through a 900-kilometer pipeline to other European countries. According to announcements from Moscow, the pipeline is targeted for completion in 2015.

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