Tag Archives: Serbia Agree €2.1Bn South Stream Construction Deal

Russia, Serbia Agree €2.1Bn South Stream Construction Deal – 9 July 2014

RT logoSerbia has signed a 2.1 billion euro contract with Gazprom subsidiary Centrgaz to construct the South Stream pipeline across its territory. There is increasing pressure from the EU to suspend the project because it claims it breaks competition law.

Centrgaz will be involved in the design, procurement, construction and installation activities, personnel training and commissioning, while Serbian subcontractors will carrying out some of the work, according to South Stream.

The signing ceremony was held in Serbia on Tuesday between South Stream Serbia and Centrgaz.

Read the full story at: www.rt.com /link to original article