facebook
twitter
rss
account
search
search
 

Serbian leg of South Stream to start construction

Nov. 12, 2013 at 5:54 AM   |   Comments

BELGRADE, Serbia, Nov. 12 (UPI) -- Construction of the South Stream natural gas pipeline though Serbian territory will start by the end of the year, Russian energy company Gazprom said.

Alexei Miller, Gazprom's top executive, met in Belgrade with Serbian President Tomislav Nikolic and other high-ranking officials to discuss their bilateral energy relationship.

"A special attention was paid to the South Stream construction that would start in Serbia before the end of this year," the Russian energy company said Monday.

Gazprom in March signed a 10-year contract to supply Serbia with 53 billion cubic feet of natural gas per year. Some of that supply would eventually travel though South Stream, designed for an annual capacity of 2.2 trillion cubic feet of natural gas.

South Stream is meant to add diversity to Russia's export routes through Europe. Gazprom says it will add a layer of energy security to the European market. A contractual dispute between Gazprom and its counterparts in Ukraine, which hosts most of Russia's gas for Europe, adds a layer of risk to conventional routes.

The company said it plans to commission parts of South Stream before the end of 2015.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
EU demands solution to gas crisis EU demands solution to gas crisis
2
Raytheon to supply components for Israel's Iron Dome interceptor Raytheon to supply components for Israel's Iron Dome interceptor
3
Pepsi launches stevia-sweetened soda Pepsi launches stevia-sweetened soda
4
Shale boom driving gas prices lower, AAA says Shale boom driving gas prices lower, AAA says
5
General Dynamics continues modernizing submarine combat control systems General Dynamics continues modernizing submarine combat control systems
Trending News
x
Feedback