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South Stream may get status of national project in Serbia

November 15, 2012, 11:17 UTC+3

Capacity of the gas pipeline is 40 billion cubic metres of gas annually, launch is scheduled for December 2015

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MOSCOW, November 15 (Itar-Tass) — South Stream in December may get the status of Serbia’s national project, Minister of Natural Resources of Serbia Milan Bacevic announced on Thursday at the 11th session of the Intergovernmental Russian-Serbian Committee for Trade, Economic, Scientific and Technical Cooperation.

“The spatial plan (of the project) is currently under discussion, and on December 6 it will be completed. And somewhere in December the project will get the national status,” the minister said.

Russia’s Minister of Energy Minister Alexander Novak said for his part that he also hopes that this matter will be decided soon. “Hopefully, this issue will be resolved shortly,” he said. “The beginning of the construction (of the pipeline’s Serbian section) is scheduled for December, it will cost 1.7 billion euro,” the minister said. According to him, the throughput capacity of the gas pipeline is 40 billion cubic metres of gas annually, about 2 thousand people will be engaged in the work, the launch is scheduled for December 2015.


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