SUBOTICA, May 19 (Hina) - The Serbian section of the South Stream gas network will be 450 kilometres long and the investment will cost some EURO 700 million, the director-general of the Serbian government-run Srbijagas company, Dusan
Bajatovic said in an interview with the Dnevnik daily in Novi Sad on Tuesday.
SUBOTICA, May 19 (Hina) - The Serbian section of the South Stream
gas network will be 450 kilometres long and the investment will cost some EURO
700 million, the director-general of the Serbian government-run Srbijagas
company, Dusan Bajatovic said in an interview with the Dnevnik daily in Novi
Sad on Tuesday. According to Bajatovic, the implementation of this
project will help Serbia to be positioned as a potential regional gas hub and a
transit route for the delivery of gas supplies from the Black Sea to
Europe.
Bajatovic said that the South Stream pipeline should be built by the
end of 2015.
An agreement on establishing a joint company for the construction of
this gas network was signed in the Russian resort of Sochi on 15 May between
Russian Gazprom and companies from Greece, Serbia, Bulgaria and Italy.