Gazprom and Srbijagas discuss progress with South Stream project
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Dusan Bajatovic, Director General of state-owned Srbijagas.
The meeting addressed the Russian-Serbian cooperation in the energy sector.
The parties discussed the joint action plan on implementing the South Stream project in Serbia. It was highlighted that a comprehensive engineering survey had been initiated in Serbia under the agreement between the joint project company and the Srbijagas – Giprospetsgaz consortium. Besides, the necessary basic data and materials were submitted to the spatial planning agency for the spatial planning development.
In 2011 Gazprom supplied Serbia with 1.4 billion cubic meters of natural gas.
Srbijagas is a state-owned company dealing with natural gas transmission, distribution and storage in Serbia.
With a view to diversify the natural gas export routes Gazprom is implementing the project for construction of a gas pipeline running under the Black Sea to the countries of Southern and Central Europe – the South Stream project. Intergovernmental agreements were signed with Bulgaria, Serbia, Hungary, Greece, Slovenia, Croatia and Austria in order to implement the onshore gas pipeline section.
In January 2008 Russia and Serbia signed the Umbrella Intergovernmental Agreement for the South Stream project and the Banatski Dvor UGS project.
In November 2009 the South Stream Serbia AG joint project company was registered. Gazprom holds a 51 per cent stake in the company and Srbijagas – a 49 per cent stake.
Set up in 1938, Giprospetsgaz is the oldest engineering institute of the Russian gas industry. It is focused on engineering and performing design and survey operations.