Bloomberg News

Gazprom’s South Stream Pipeline to Bypass Croatia, Poslovni Says

November 05, 2012

The South Stream pipeline project, whose stakeholders are Gazprom OAO (GAZP), Italy’s ENI SpA (ENI), Germany’s Wintershall AG and Electricite de France SA, will bypass Croatia, Poslovni Dnevnik reported, citing Alexander Medvedev, Gazprom’s deputy Chief Executive Officer.

A planned offshoot to Croatia was canceled, with the route going from Serbia directly to Hungary at the town of Subotica, according to Poslovni.

The 470-kilometer pipeline is designed to ship as much as 63 billion cubic meters of Russian gas across the Black Sea to southeastern and central Europe, without going through Ukraine. It’s a rival to the Nabucco project that plans to ship Caspian gas via Turkey.

Plinacro d.o.o., Croatia’s state-owned pipeline operator, which has been in talks with Gazprom over the pipeline’s route through Croatia, said in a statement over the weekend it hasn’t been notified of Gazprom’s decision.

To contact the reporter on this story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

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


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