Support The Moscow Times!

Gazprom, Slovenia to Form South Stream Venture

Slovenia agreed to form a venture with Gazprom to develop the South Stream gas pipeline to carry fuel to Central Europe.

Gazprom and Slovenian gas distributor Geoplin Plinovodi, which will each hold 50 percent of the venture, will seek an exemption from the European Union’s directive on splitting supplies and pipeline operators, the Slovenian government said in a statement distributed to reporters before the signing in Ljubljana.

Slovenian Prime Minister Borut Pahor and Russian Prime Minister Vladimir Putin met earlier Tuesday.

Slovenia, which buys about 600 million cubic meters of gas a year from Gazprom, was among the Balkan countries whose supplies were disrupted during a gas dispute between Russia and Ukraine. The Slovenian section of the South Stream pipeline will be able to carry as much as 10 billion cubic meters a year, Slovenian Economy Minister Matej Lahovnik said Nov. 12.

BASF’s Wintershall unit agreed yesterday to acquire 15 percent in the offshore section of the South Stream link, in which Gazprom plans to maintain a 50 percent stake. Electricite de France is expected to join the project this year, Gazprom chief executive Alexei Miller said last month.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more