Bloomberg: Gazprom, Srbijagas Venture to Finance South Stream in Serbia

OAO Gazprom and Serbia’s state gas utility Serbijagas said they will invest into building the Serbian section of the South Stream pipeline.

The 470-kilometer pipeline with connections to Croatia and Bosnia will cost about 1.7 billion euros ($2.2 billion), Srbijagas Chief Executive Officer Dusan Bajatovic said today at a press conference in Belgrade. The work will start in December, he said.  MORE