Gazprom Subsidiary to Construct of Serbia's South Stream Section

Gazprom subsidiary, Tsentrgaz, had won a tender to build the Serbian land based section of the South Stream gas pipeline.

In statement Tuesday, the Russian energy giant said Tsentrgaz had beaten four other companies from Russia and Serbia to win the tender launched this March.

Tsentrgaz is a multifaceted construction holding that includes construction and assembly organizations, modern production facilities to manufacture construction materials, structures and items, procurement and marketing entities and social infrastructure facilities.

Under the contract, the company will be tasked with all aspects of the project development, including procurement of materials and equipment, construction and installation works, personnel training and start up.  Serbian based companies will actively participate and benefit through subcontracting.