Croatia Does not Participate in South Stream Pipeline

Energy › Oil & Gas ♦ Published: November 5, 2012; 20:02 ♦ (Vindobona)

The Russian gas pipeline South Stream will not run across Croatia. Initially, Croatia was viewed as transit country.

Croatia Does not Participate in South Stream Pipeline / Picture: © Vindobona.org

According to Alexander Medvedev, Vice President of the Russian gas group Gazprom, Croatia will not participate in the pipeline project. Last week, Gazprom has signed the treaties with the Hungarian and the Serbian government. The investments in Hungary total € 600m. In Serbia, the investment volume comes at € 1.5bn. According to Gazprom, 2,200 new jobs will be created in…

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