Macedonia to sign South Stream entry contract in September.

By bne IntelliNews July 7, 2010
Macedonia will enter the South Stream oil pipeline project in September when Russia's Gazprom CEO, Alexei Miller, is scheduled to visit the country, local media reported. Before that, a team of Russian experts will arrive in the country to clear the details on Macedonias entry. The news follows the visit of president Gjorge Ivanov and Deputy PM Zoran Stavreski to Russia in June when they met with Miller and discussed the possibility of adding Macedonia to the countries through which the South Stream gas pipeline will pass. The price of constructing a gas supply infrastructure in the country is estimated at EUR 300mn and will partially be paid by the clearing of Russias debt towards the former Yugoslavian country. South Stream is a joint project of Russian gas company Gazprom and Italys Eni for the construction of a pipeline, transmitting Russian gas to Europe through the Black Sea and possibly through Bulgaria, Serbia and Romania.

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