Gazprom, Slovenia Determine South Stream Parameters

As part of the official visit by Gazprom’s delegation to the Republic of Slovenia, Ljubljana hosted yesterday working meetings among Alexey Miller, Chairman of the Company’s Management Committee, Danilo Turk, President of Slovenia and Janez Jansa, Slovenian Prime Minister.

The parties addressed the current issues of cooperation between Russia and Slovenia in the energy sector. Special attention was paid to the South Stream project being implemented by Plinovodi on behalf of the Slovenian party.

Alexey Miller and Marjan Eberlinc, President of the Board of Plinovodi signed a Supplementary Agreement to the South Stream Slovenia LLC Shareholders Agreement. The document defines the layout and parameters of the gas pipeline’s Slovenian section that were defined on the basis of the Consolidated Feasibility Study of the project.

In addition, the Supplementary Agreement provides for establishing the joint project company (JPC) South Stream Slovenia LLC within a month period. The JPC will be focused on spatial planning, environmental impact assessment and basic engineering works.

Based on the meeting results, the parties agreed to make the final investment decision on the South Stream project this November.

[mappress]

LNG World News Staff, February 28, 2012