inSerbia: Nothing Is Holding Back South Stream – Bajatovic

There are no misunderstandings between the Serbian and Russian partners regarding the South Stream gas pipeline project nor is the project being held back by problems in funding and provision of guarantees for loans, Dusan Bajatovic, director general of state-owned natural gas provider Srbijagas, said Thursday.

Speaking at a Russian-Serbian round table on energy in Belgrade on Thursday, Bajatovic said that he expects appropriate solutions regarding a loan agreement for the project to be found next week, adding that the agreement will be signed soon.

This, he said, has also been confirmed by First Deputy Prime Minister Aleksandar Vucic.

Bajatovic said that the technical part of the tender for contractors in the construction of the section of South Stream through Serbia has been completed and the contractors will be chosen by the end of April.

This will create the conditions for the works to commence immediately after that, he added.  MORE