BELGRADE - Companies South Stream Serbia and Centar Gas from Russia signed the Contract on the construction of the Serbian section of the main South Stream gas pipeline to the total value of EUR 2.1 billion.
The contract was signed by co-directors of South Stream Serbia Dusan Bajatovic and Aleksandar Siromjatin and Director General of Centre Gas Stanislav Anikeyev on Tuesday.
It is the stable situation in Ukraine that the security of Europe's gas deliveries will depend on, Russian Prime Minister Dmitry Medvedev said on Tuesday.
“If the Ukrainian market is stable and if Ukrainians fulfill all of their obligations, Europe will receive what it is entitled to in full,” Medvedev told Bloomberg TV.
The South Stream pipeline will reach Bulgaria's coast in December 2015, said Gazprom CEO Alexey Miller, quoted by ITAR-TASS.
The first gas deliveries for Bulgaria, according to him, are also expected then.
“There is no doubt that South Stream everywhere gained the status of a priority national project,” Miller told the Rossiya 1 Russian national channel.
Pavel Zavalny, who heads the organisation, told a EU-Russia gas forum in Brussels this week that Bosnia and Bulgaria will face energy difficulties if Russia stops the flow of gas to Ukraine, citing unpaid bills.
South Stream Transport signed a contract with Saipem for the construction of the first line of the South Stream Offshore Pipeline and the micro-tunnels for the 4 pipeline strings.
The contracts for the supply of the pipes have already been signed for the first two lines, according to reports of the Bulgarian National Radio (BNR), citing a media statement of the company.