OAO Gazprom OGZD South Stream - Slovenia

  OAO Gazprom (OGZD) - South Stream - Slovenia

RNS Number : 2032R
OAO Gazprom
15 November 2012




RELEASE

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 
ofPlinovodi.

"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.



Background

In 2011 Gazprom supplied  Slovenia with 0.53 billion  cubic meters of  natural 
gas.

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 
pipeline section.

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 
maintenance.

Information Directorate, OAOGazprom
Media            Investment Community

+7495 719-10-77 +7495 719-34-83
+7495 719-49-37 ir@gazprom.ru
+7495 719-47-36
+7495 719-28-01

pr@gazprom.ru



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           The company news service from the London Stock Exchange

END


MSCLIFFALTLELIF -0- Nov/15/2012 09:29 GMT