Contract signed to build South Stream in Serbia

South Stream Serbia and Russia's Centrgaz on Tuesday signed a contract on building the section of the South Stream pipeline through the Serbian territory.

Source: Tanjug

The contract is worth some EUR 2.1 billion and was signed by South Stream Serbia Director Dušan Bajatović and Gazprom International Projects head Aleksandr Siromyatin, with Centrgaz Director Stanislav Anikeyev.

They said it was a historic day for the Serbian energy sector, and that first gas deliveries via South Stream in Serbia would take place as planned, by late 2016.

Centrgaz won a tender called by South Stream Serbia to build the pipeline in Serbia.

Bajatović expressed special gratitude to Russian President Vladimir Putin and Serbian PM Aleksandar Vučić for "helping solve some open issues, which made the signing of the contract possible."

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