BUSINESS

Start of Construction of “Južni tok” To Begin in 2015

gasovod-gas-juzni-tok-6_500x300The beginning of the construction of “Južni tok” through the RS is expected to start at the beginning of 2015, while the formation of joint companies from the RS and “Gasprom” should take place at the end of this year or the beginning of next year, announced to Srna the acting director of the company ‘Gas Res’ Slobodan Puhalac.

“These are conditional terms, because of the many obligations that must be resolved first, but what is not debatable is that it is definitely the obligation of both parties’’, said Puhalac.

He recalled that the deadlines with the signing of the ‘Road Map”, which is the first legal document that details the regulation of obligations of both sides has been specified.

According to him, some of the deadlines fall within the zone of trade secrets, and during this year and next year it is necessary to overcome a number of administrative and technical obstacles.

He added that the joint venture will choose the contractor of the feasibility study for the project, which will be made early next year, after which they will enter into zone investment projects.

(Source: Nezavisne Novine)

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