Work on Serbian part of South Stream to begin in July

Gas pipeline will 'directly and indirectly benefit economy'

29 May, 17:51

    (ANSAmed) - BELGRADE, MAY 29 - Works are slated to begin on the Serbian section of the South Stream gas pipeline in July, Serbian media have quoted head of Gazprom's international division Aleksandr Siromatin as saying on Thursday. In speaking at a conference on Serbia's role in the Balkans energy market, Siromatin said that over the next two weeks a contract on a Gazprom loan to Srbijagas for the laying of the pipeline would be signed.

    At about 2 billion euros, South Stream is one of the largest investments made in Serbia over the past few decades. It is expected to both directly and indirectly benefit the country's economy by encouraging investment and job creation, it was underscored at the conference. (ANSAmed).

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