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Gazprom OAO and Croatia's Plinarco d.o.o. to form Joint Venture in Second Half of 2013 for South Stream project in Croatia-Interfax

Thursday, 17 Jan 2013 09:15pm EST 

Interfax reported that Gazprom OAO and Croatia's Plinarco d.o.o. will form a joint design company in the second half of 2013 for the project to build a branch of the South Stream gas pipeline in Croatia, the Company said. This is part of the plan of action for implementing the project in 2013-2016 that the companies signed during a visit to Croatia by a delegation from Gazprom.During the visit to Croatia, Gazprom and the authorities also discussed the prospects for building power generation facilities in the country that would run on natural gas, the possibility of using natural gas to fuel water and motor transport, the prospects for resuming supplies of Russian gas to Croatia and the possibility of Gazprom participating in exploration and production projects in the country. The South Stream gas pipeline will run from Russia to Europe via the Black Sea floor. The offshore section will have capacity to carry 63 billion cubic meters of gas per year, and the capacity of the pipeline at the outlet to the Italian gas distribution point of Tarvisio will be 22.5 bcm per year. The pipeline is supposed to run through Bulgaria, Serbia, Hungary and Slovenia to northern Italy. It was said earlier that branches might be built to Croatia, Bosnia & Herzegovina and, possibly, Macedonia. 

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