MOSCOW, Dec. 20 (UPI) -- Serbia and Russia's energy giant Gazprom signed a memorandum of understanding in Moscow Wednesday foreseeing construction of a gas pipeline in Serbia.
Serbian Minister of Mining and Energy Minister Radomir Naumov and Alexander Medvedev, director general of Russian Gazpromexport signed the memorandum on building the 250-mile gas pipeline across Serbia, from its border with Bulgaria to Croatia, Serbia's RTS radio-television reported.
The two sides agreed on forming a team of experts to review possibilities for building the pipeline to transfer natural gas from Russia, via Turkey, Bulgaria, Serbia, Croatia and Slovenia, to northern Italy.
The pipeline would have capacity of 20 billion cubic meters of gas per year and would cost $1 billion.
