Support The Moscow Times!

Gazprom Neft to Build Pipe

Gazprom Neft, the majority owner of Serbia's dominant oil company Naftna Industrija Srbije, will start building the Serbian section of its South Stream gas pipeline by December.

The construction of the 411-kilometer pipeline will cost 1.9 billion euros ($2.32 billion), Serbian President Tomislav Nikolic's press office said Thursday after a meeting with a Russian business delegation led by Dmitry Malyshev, an adviser to Gazprom Neft's general manager.

Serbia is seeking to diversify its gas imports that currently come from Russia through Hungary and Ukraine in order to be less vulnerable to delivery disruptions. Last October, state-owned gas company Srbijagas said the cost to build the Serbian section would be 1.38 billion euros, with an annual transit capacity of 34 billion square meters.

(Bloomberg)

… 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.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more