Gazprom, Srbijagas Discuss South Stream Progress

Alexey Miller of Gazprom and Dusan Bajatovic, Director General of state-owned Srbijagas, met in Sochi where they discussed the cooperation in the oil and gas sector, touching upon Russian natural gas supply, underground storage, joint infrastructure projects and interaction in the energy sector.

“Special attention was paid to implementing the South Stream project in Serbia. An environmental impact assessment was successfully finished in the Republic; spatial planning procedures aligned with the national law are nearing completion,” Gazprom said in a statement.

South Stream is Gazprom’s global infrastructure project aimed at constructing a gas pipeline with a capacity of 63 billion cubic meters across the Black Sea to Southern and Central Europe for the purpose of diversifying the natural gas export routes and eliminating transit risks.

The first gas will be supplied via South Stream in late 2015. The gas pipeline will reach its full capacity in 2018.

[mappress]
LNG World News Staff, February 25, 2014; Image: Gazprom