Gazprom

Contract signed to build South Stream in Serbia

BELGRADE -- South Stream Serbia and Russia's Centrgaz on Tuesday signed a contract on building the section of the South Stream pipeline through the Serbian territory.

“South Stream is very important for Bulgaria and south-eastern Europe,” Bulgarian Foreign Minister Kristian Vigenin said after talks with his Russian counterpart Sergei Lavrov in Sofia on Monday.

Centrgaz, a subsidiary of Gazprom, could step in the construction of the South Stream pipeline's Bulgarian stretch, according to a Russian daily.

Vedomosti's website reports that Centrgaz, which has not fallen under EU or US sanctions over the Ukraine crisis, has already won the tender for South Stream in Bulgaria's western neighbor Serbia.

Gazprom chief Alexey Miller made clear that first supplies through the South Stream gas pipeline are to be in end-2015, as previously planned.

Russian Gazprom does not plan to buy a 1/4 share in Austrian oil and gas company OMV, Gazprom Deputy CEO Alexander Medvedev said Friday.

Medvedev thus refuted earlier claims that the state-owned energy concern was eyeing 24.9% of OMV and was in talks with the International Petroleum Investment Co (IPIC) in Abu Dhabi to purchase them.

Russian state-owned energy concern Gazprom has begun talks with Abu Dhabi representatives to acquire 24.9% of oil and gas company OMV, an Austrian lawmaker argues.

Russian Energy Minister Alexander Novak has expressed certainty that the problems surrounding the construction of the South Stream gas pipeline section in Bulgaria will be solved.

Russian concern Gazprom struck Monday an agreement with oil and gas company OMV on the construction of Austria's stretch of the South Stream gas pipeline.

The agreement was signed on Tuesday, the day of a visit by Russian President Vladimir Putin to Vienna where he meets Austrian counterpart Heinz Fischer.

Russia and Austria set up joint South Stream company

VIENNA -- Russia and Austria have agreed on a joint company to construct the Austrian arm of the USD 45 billion South Stream gas pipeline project, RT.com is reporting.

The pipeline will deliver 32 billion cubic meters of Russian gas to the country, bypassing Ukraine.

Russian President Vladimir Putin is due to meet Austrian head of state Heinz Fischer in Vienna.

OMV and Gazprom officials are expected to seal deals on the South Stream pipeline during his visit, daily Die Presse reveals, citing high-profile sources.