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South Stream to attract major investment in Serbia - Gazprom

November 24, 2013, 22:50 UTC+3 BELGRADE
The South Stream gas pipeline project will attract 1.5 billion euros worth of investment in Serbia
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© EPA/KOCA SULEJMANOVIC

BELGRADE, November 24, 21:39 /ITAR-TASS/. The South Stream gas pipeline project will attract 1.5 billion euros worth of investment in Serbia, a report by the information department of Russia’s Gazprom gas giant said on Sunday after the ceremony to launch the construction.

South Stream will speed up integration and economic processes in the region, will attract in Serbia more than 1.5 billion euros of direct investment, will create more than 2,500 jobs during the construction period,” the report quoted Gazprom CEO Alexei Miller as saying.

“Hungary will be the next country where the construction of South Stream will begin,” he said. The information department said Alexei Miller had met with Milorad Dodik, President of Bosnia’s Republika Srpska. The sides discussed work on an inter-governmental agreement between Russia and Bosnia and Herzegovina on gas and power industry cooperation.

The project involves Bulgaria, Serbia, Hungary, Italy, Slovenia, Croatia, Russia as well as Bosnia and Herzegovina.

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