Construction of South Stream through Serbia begins at the end of 2013

, News Serbia Energy

Construction of Serbian section of international pipeline South Stream will begin at the end of this year, not in the beginning of 2014 like it had been announced earlier- it was published in Moscow on Thursday, after the meeting of Serbian Minister of Mining Milan Bacevic and Gasprom Administration’s President, Aleksey Miller.

Bacevic and Miller talked about ongoing cooperation of two countries in energy area and they concluded that all South Stream realization works are going according to the agreed dynamics- it is said in the statement from Gasprom.

Negotiators reconsidered the way of financing the construction of South Stream through Serbia.

Serbian Prime Minister Ivica Dacic, who lead Government delegation in conversations with the biggest Russian officials including the President Vladimir Putin and Prime Minister Dmitrije Medvedev, announced yesterday that Gasprom is ready to finance the construction of the whole section of South Stream through our country which is 1,7 billion EUR worth, and Serbia should return this money through transit taxes that will be charged when pipeline begins to work.

Miller and Bacic indicated at the end of conversation on the big significance these two countries are giving to the construction of this important pipeline that will bring Russian gas to countries in South East and Central Europe.

Source;Serbia Energy/Agencies