Serbia completes feasibility study of South Stream section.

By bne IntelliNews December 3, 2010
Serbia completes feasibility study for Gazprom's South Stream section. Serbia has completed the feasibility study for the section of the South Stream natural gas pipeline, which will pass through its territory, state gas supplier Srbijagas said in a statement on its website. The South Stream will secure stable gas deliveries and will contribute to the development of the domestic and regional energy sectors, Srbijagas general manager Dusan Bajatovic stated. As recalled, the construction of the Serbian South Stream section has been agreed upon under a Serbian-Russian energy pact, which also envisaged sale of Serbian oil company NIS to Russian Gazprom and completing of underground gas storage facility in Banatski Dvor. The South Stream pipeline in Serbia will be 470km long and should be completed in 2015. The South Stream is a joint project of Italy's Eni and Gazprom, envisaging transportation of Russian natural gas through the Black Sea to Bulgaria and further to Italy and southeastern and central Europe through different routes, passing through Greece, Serbia, Slovenia, Hungary, Austria and possibly Bosnia and Herzegovina. It is due to be completed in 2015 and is estimated to cost EUR 25bn, much above the initially planned EUR 10bn. Gas supplies in the amount of 63bn cubic metres per year under the project are to start from the Beregovaya compressor station in Russia and be transported through the Black Sea. The Serbian section will run through Zajecar, Belgrade and Subotica, from where it will split into two routes Hungary-Austria and Hungary-Slovenia.

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