OAO Gazprom (OGZD) - South Stream - Slovenia
RNS Number : 2032R
15 November 2012
Gazprom and Slovenia sign final investment decision on South Stream
November 13, 2012, 16:45
Today inMoscow the shareholders ofSouth Stream Slovenia LLC signed inthe
presence ofRussian Prime Minister Dmitry Medvedev and Slovenian Prime
Minister Janez Jansa aResolution toadopt the Final Investment Decision
onbuilding the Slovenian section ofthe South Stream gas pipeline. Gazprom
was represented atthe event byAlexey Miller, Chairman ofthe Company's
Management Committee, the Slovenian party was represented byMarjan Eberlinc,
Director General ofPlinovodi and Sara Izernik, Deputy Director General
"The final investment decision weadopted today isanother important step
tothe South Stream project implementation, another stage ofour work, aimed
atsecuring natural gas supplies toEurope.
Speaking ofSlovenia, wehave tomention that building a266 kilometer gas
pipeline and two compressor stations inSlovenia will attract great
investments, create workplaces and supply the country with additional
infrastructure,"said Alexey Miller.
In 2011 Gazprom supplied Slovenia with 0.53 billion cubic meters of natural
With a view to diversify the natural gas export routes Gazprom is implementing
the South Stream project. The projected throughput of the South Stream
offshore section will reach 63 billion cubic meters per year. Construction of
South Stream will start in December 2012. The first gas pipeline string is to
be commissioned in late 2015.
Intergovernmental agreements were signed with Bulgaria, Serbia, Hungary,
Greece, Slovenia, Croatia and Austria in order to implement the onshore gas
On May 27, 2010 Gazprom and Plinovodi signed the Feasibility Study Agreement
for the South Stream section in Slovenia.
On March 22, 2011 Gazprom and Plinovodi signed the Shareholders Agreement on
South Stream Slovenia LLC being set up on a parity basis to implement South
Stream in Slovenia. The joint project company was registered in September
2012. It deals with project documents preparation, fundraising, construction
and operation of the gas pipeline in Slovenia.
Being a subsidiary company of Geoplin, Plinovodi is a gas transmission system
operator in the Republic of Slovenia. The main activities of the company
include natural gas transmission, gas transmission network development and
Information Directorate, OAOGazprom
Media Investment Community
+7495 719-10-77 +7495 719-34-83
+7495 719-49-37 email@example.com
This information is provided by RNS
The company news service from the London Stock Exchange
MSCLIFFALTLELIF -0- Nov/15/2012 09:29 GMT
Press spacebar to pause and continue. Press esc to stop.