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03. 16. 2009.| 10:32

Feasibility study for "Južni tok" to be finished before September – representatives of "Gazprom" in Serbia next week

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Source Blic, 16. 03. 2009.
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(EX) Ministarstvo rudarstva i energetike Republike Srbije
Gazprom Moscow
JP Srbijagas Novi Sad
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Gazprom export
Agreement on cooperation in construction of gas pipeline Južni tok
Južni tok
Dušan Mrakić
Dušan Bajatović

- The representatives of "Gazprom export" are coming to Serbia next week to reconcile the opinions with Serbian colleagues about the text of the basic agreement on cooperation in construction of gas pipeline "Južni tok" - Dušan Mrakić, the State Secretary in the Ministry of Energy and Mining, told “Blic”. He expects that the feasibility study for the gas pipeline will be finished before the deadline, that is, more than 30 days before September.

By the way, gas pipeline "Južni tok" should transport this fuel from Novorusijsk, under the Black Sea, via Bulgaria, Greece, Serbia, Hungary and Slovenia, to Italy and Austria. However, construction will commence only if the feasibility studies of all aforementioned countries confirm that the project is profitable.

Serbia was supposed to reach the agreement with "Gazprom" on forming of the joint venture at the beginning of March, and the delay caused the public to doubt construction of gas pipeline in our country. The recent agreement between Russia and Hungary on forming of the joint venture and the agreement on construction of "Južni tok" showed that Serbia must do the same.

However, Dušan Mrakić says that the delay in forming of the joint venture is not going to have negative influence on the feasibility study.

- We are in constant contact with Russian partners and there are no disputable issues between us. It is true that the joint venture was supposed to be formed at the beginning of March, but that does not disturb the work on the feasibility study because we have already started its elaboration – Mrakić explains.

He expects that the joint venture of "Srbijagas" and "Gazprom" will be formed prior to the beginning of April.

- I expect that the feasibility study will be finished before September - says Mrakić.

By the way, the agreement that has been signed with "Gazprom" anticipates transfer of minimum 10 billion cubic meters per year, and the CEO "Srbijagas", Dušan Bajatović, pointed out earlier that two variants of studies could be designed - the one for the annual capacity of 21.4 billion, and the other for the annual capacity of 23.1 billion cubic meters of gas.




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