Serbia has completed the construction of the first section of the 403-km leg of Gazprom’s Turkish Stream (TurkStream) gas pipeline in the country, local media reported on August 12.
Gazprom plans to invest RUB58.8bn ($900mn) on expanding the TurkStream pipeline through Serbia in 2019. Gazprom has determined the itinerary of the second line of the Turkish Stream pipeline will span Bulgaria and Serbia starting from 2020, then go through Hungary and Slovakia starting from 2021 and the second half of 2022, respectively.
The first section stretches from the Bulgarian border to the city of Cuprija.
Currently, construction works are underway on the second part from Cuprija to the Danube River in Serbia’s north, Blic reported.
The third section stretches from the Danube to Gospogjinaca, and the fourth is from the Gospogjinaca to the border with Hungary near Horgos.
The four sections are planned to be completed by the end of 2019.
Russia's President Vladimir Putin will decide on RUB2.6 trillion ($40bn) worth of tax breaks for Arctic hydrocarbon extraction and infrastructure projects at a meeting with the finance ministry and ... more
US President Donald Trump has left the impression with foreign officials, members of his administration, and others involved in Iranian negotiations that he is actively considering a French plan to ... more
President Donald Trump discussed easing sanctions on Iran to help secure a meeting with Iranian President Hassan Rouhani on the sidelines of the UN General Assembly gathering in New York later this ... more