Bloomberg News

Serbia’s Gas Monopoly Mulls Projects With GE for Pipes, Plants

February 28, 2012

Srbijagas, Serbia’s national gas company, discussed with General Electric Co. (GE) the possible cooperation on pipelines and gas-fired plants in the Balkan country.

State-owned Srbijagas met with GE officials on “joint projects” such as “gas plants, pipelines, interconnections to Romania and Bulgaria, compressor pumps for the South Stream, underground gas depots” and a liquefied natural gas terminal east of Belgrade, the company said in an e-mailed statement.

“Forms of investments and positioning of the American company were discussed” as GE executives for eastern Europe gave a presentation at Srbijagas’s headquarters today, it said.

Serbia is preparing for the South Stream pipeline that should traverse its territory bringing gas from the Black Sea to western Europe. It plans to sign a new, 10-year contract in March with OAO Gazprom for natural-gas imports that should more than double deliveries to the Balkan nation to 5 billion cubic meters a year.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


China's Killer Profits
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus