Gazprom’s Delegation Visits Slovenia, Greece In South Stream Pipeline Proj

A delegation of Russian natural gas monopoly OAO Gazprom visited last week Slovenia and Greece to discuss about the feasibility study development for the South Stream gas pipeline construction project on the territory of the two countries, Gazprom announced Monday in a press release.

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Vlada Rusakova, head of Gazprom’s Strategic Development Department and some specialists of Gazprom Export and Giprospetsgaz were among the Russian group’s officials who paid a working visit in Slovenia and Greece on October 23 – 24, the Russian group announced in the same press release.

The feasibility study will become a component of a consolidated study for the whole South Stream project, embracing Russia, the Black Sea, as well as Central and South Europe.

During their working visit, the Gazprom officials carried negotiations with the representatives of Slovenian company Geoplin Ljubljana and Greece’s DESFA about various routes of natural gas transportation through the two countries within the South Stream project.

DESFA is a fully-owned subsidiary of the Public Gas Corporation in Greece, which is the exclusive operator of the Hellenic gas transmission system, while Geoplin Ljubljana is a Slovenian company with activities in natural gas import, transportation and sales.

South Stream is a project estimated at EUR10 billion, led by Russian Gazprom and Italy’s ENI, aiming to construct a gas pipe for the delivery of Russian natural gas towards Europe.

Gazprom has already inked deals with Bulgaria, Serbia, Greece and Hungary for the development of the South Stream project. Slovenia and Austria might as well participate in the project.

Analysts say that South Stream, with an annual gas transport capacity of 30 billion cubic meters of natural gas, is a modality to increase Russia’s domination over the gas deliveries towards Europe.

South Stream is seen as a competitor for EU-backed Nabucco pipeline project, which aims to supply natural gas from the Caspian Sea to Central Europe via Turkey and Romania, bypassing Russia.

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