Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Slovenia’s South Stream Pipeline Cost Estimate at 1 Billi

Feb. 28 (Bloomberg) -- The Slovenian stretch of the South Stream natural gas pipeline will cost about 1 billion euros ($1.34 billion), Delo newspaper reported, citing Marjan Eberlinc, the chief of Plinovodi d.o.o after his meeting with Alexey Miller, the CEO of OAO Gazprom in the capital Ljubljana.

Slovenia and the Russia’s gas export monopoly have agreed to share the cost by forming a joint company that is set to start building the pipeline by the end of the year, the Ljubljana-based newspaper said.

The Slovenian section of the South Stream will initially be able to carry 8 billion cubic meters of gas a year, which will later increase to 25 billion, according to Delo.

The South Stream project, which involves the Italian company ENI SpA, would build a pipeline across the Black Sea to ship Russian gas to Europe, bypassing transit countries.

To contact the reporter on this story: Boris Cerni in Ljubljana at bcerni@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.