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South Stream pipeline will cost 700 million euros |
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Tuesday, 19 May 2009 |
 South Stream pipeline will enter Serbia near Zajecar city near eastern Serbian border, and main knot will be near Belgrade suburb Batajnica, where pipeline will branch into 2 routes, one towards Hungary at the north, and other towards Bosnia & Herzegovina towards west. Pipeline construction will be financed by mutual company formed by SerbiaGas and Russian Gazprom. New bank will be founded by two companies, instead of only Gasprom, which was the original plan. future pipeline will cost at least 700 million euros. With finish one of the largest pipelines in Europe, because of it's geographical position Serbia will become regional "energetic knot" and leading energy distributor in the region. Also few natural gas power plants are being planed for construction with nominal power of 450 MW. SerbiaGas will participate in Energy Summit at SantPeterburg, where could be arranged to construct another natural gas storage facility in Serbia, even larger than existing one near town of Banatski Dvor. After modifications, Banatski Dvor facility will have capacity approximately to 300 million cubic meters of natural gas.
Estimated project finish is 31. December of year 2015. and pipeline capacity will be at least 20 billion cubic meters of natural gas per year.
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