Serbia to host 400 km of South Stream

A source close to the negotiations with Russia over the route of the South Stream pipeline says that a significant section will run through Serbia.

Izvor: Politika

Thursday, 07.05.2009.

12:26

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A source close to the negotiations with Russia over the route of the South Stream pipeline says that a significant section will run through Serbia. The agreement on forming a joint company for construction of the pipeline, which is due to be signed by Gazprom and Srbijagas by May 15, will confirm that the headquarters of the new Serbian-Russian company will be located in Switzerland and that the new mixed company will begin a feasibility and profitability study for the entire project. Serbia to host 400 km of South Stream The new company would then begin projecting, purchasing equipment and constructing the pipeline. The plan is that once exploitation of the pipeline begins, a new branch will be set up in Serbia, which will receive a license for transporting Russian gas. As confirmed at recent meetings between Srbijagas and Gazprom officials, the Russians are currently calculating the construction of the gas pipeline on the basis of the route that Serbia expected, with the pipes entering Serbia from Bulgaria and ending in Hungary. The route through Serbia will be 400 kilometers in length, with a capacity of over 10 billion cubic meters. Politika’s source insisted that there was no talk of the pipeline only brushing against Serbia at the border with Romania. He said that he was heartened by the statement of Bulgarian Prime Minister Sergei Stanishev, who said after a visit to Moscow that the two governments had finally reached an agreement on the South Stream project, and that Gazprom and Bulgargas would be signing a contract within the next two weeks.

Serbia to host 400 km of South Stream

The new company would then begin projecting, purchasing equipment and constructing the pipeline.

The plan is that once exploitation of the pipeline begins, a new branch will be set up in Serbia, which will receive a license for transporting Russian gas.

As confirmed at recent meetings between Srbijagas and Gazprom officials, the Russians are currently calculating the construction of the gas pipeline on the basis of the route that Serbia expected, with the pipes entering Serbia from Bulgaria and ending in Hungary.

The route through Serbia will be 400 kilometers in length, with a capacity of over 10 billion cubic meters.

Politika’s source insisted that there was no talk of the pipeline only brushing against Serbia at the border with Romania.

He said that he was heartened by the statement of Bulgarian Prime Minister Sergei Stanishev, who said after a visit to Moscow that the two governments had finally reached an agreement on the South Stream project, and that Gazprom and Bulgargas would be signing a contract within the next two weeks.

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