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Gazprom, Plinacro sign action plan to implement South Stream

January 17, 2013, 14:37 UTC+3
Gazprom and Plinacro will create South Stream Croatia joint venture, where they will own equal stakes
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BELGRADE, January 17 (Itar-Tass) – Russia’s gas giant Gazprom and Croatia’s gas pipeline operator Plinacro have signed in Zagreb an action plan to implement the South Stream gas pipeline project.

They plan to build a 100 kilometer section worth of 60 million euros that will run to Croatia.

Gazprom and Plinacro will create South Stream Croatia joint venture, where they will own equal stakes.

In 2013-2015 the joint venture will build a gas pipeline from a small town of Sotin in eastern Croatia to the border with Serbia. Its annual throughput capacity will reach 2.7 billion cubic meters.

The document was signed by Plinacro CEO Mladen Antunovic and Gazprom Export director-general, Alexander Medvedev.

 

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