Gazprom announces joint company for South Stream gas branch construction to Croatia to be set up in second half of 2013

Monday, Jan 21, 2013

Led by the Company's Management Committee Chairman Alexey Miller, a Gazprom delegation made a business trip today to the Republic of Croatia. As part of the visit, working meetings were held with Ivo Josipovic, President of the Republic of Croatia and Vesna Pusic, First Deputy Prime Minister – Foreign Minister of the Republic of Croatia.

The meetings discussed the prospects for resuming Russian natural gas supplies to the Republic of Croatia, constructing natural gas-fired power generating facilities in the country, as well as utilizing natural gas as a road and waterborne vehicles fuel. Moreover, the possibilities for Gazprom's participation in geological exploration and production projects in Croatia were addressed.

The parties paid special attention to the South Stream project implementation in Croatia – the spatial planning and environmental impact assessment procedures required by national law are currently at their final stage.

As part of the visit, Gazprom and Plinacro inked an Action Plan to implement the South Stream project in Croatia between 2013 and 2016. The document envisages that a joint project company for building a gas branch to Croatia will be set up at the beginning of the second half of 2013.

Source: Gazprom

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