SOUTH STREAM IN SERBIA

South Stream d.o.o. has entered into a contract with Centrgaz, which won the bidding for the South Stream gas pipeline construction in the Republic of Serbia.

Centrgaz will focus on design, procurement, construction and installation activities, personnel training and commissioning of South Stream in Serbia. The contract stipulates involving Serbian subcontractors in carrying out certain operations.

Taking part in the bidding procedure which started in March 2014 were four bidders, comprised of Russian and Serbian companies.

Background

A part of Gazprom Group, Centrgaz is a versatile investment & construction holding fit with high performance equipment and powerful machinery. The company employs a sufficient number of skilled professionals involved in the construction and capital repairs of compressor stations, gas trunklines and gas distribution grids.

Centrgaz is well experienced in constructing gas trunkline facilities and gas industry systems. The company was engaged in the construction of gas industry processing facilities nearly across all the European area of the former Soviet Union and in Siberia as well as in regional gasification activities. During the 40 years of its business life, the holding successfully pre-developed gas fields in Yamburg, Urengoy, Strezhevoy and retrofitted the Central Asia – Center and Urals – Kuzbass gas trunklines. One of the company's most recent important projects is the participation in creating the Bovanenkovo – Ukhta gas trunkline system. At present, Centrgaz is involved in the construction of gas supply facilities in more than 10 Russian regions.

South Stream is Gazprom's global infrastructure project aimed at constructing a gas pipeline with a capacity of 63 billion m3 across the Black Sea to Southern and Central Europe for the purpose of diversifying the natural gas export routes and eliminating transit risks. The first gas will be supplied via South Stream in late 2015. The gas pipeline will reach its full capacity in 2018.

South Stream d.o.o. joint project company (Gazprom and Srbijagas holding 51% and 49% respectively) will construct and operate the South Stream gas pipeline in Serbia.

The South Stream project was awarded the special status by the resolution of the Serbian Parliament.In October 2012 the final investment decision was taken on the South Stream project in Serbia.

energyglobal.com