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Russia commits to Serbian route for TurkStream extension

Moscow is ready to invest $1.4 billion in a Serbian pipeline that will form part of the continuation of TurkStream into Europe, but it has avoided giving a deadline on construction Moscow is ready to invest $1.4 billion in a Serbian pipeline that will form part of the continuation of TurkStream into Europe, but it has avoided giving a deadline on construction.
By Silvia Favasuli 18 January 2019 Europe & Russia / Pipelines, Storage & Power 0 33849
Russian President Vladimir Putin (left) with Serbian President Aleksander Vučić during the former's visit to Belgrade. (PA)

Russian President Vladimir Putin’s trip to Belgrade this week has yielded confirmation that Gazprom will use Serbia to transit gas from the TurkStream pipeline into Europe.

Following talks with Serbian President Aleksandar Vučić on Thursday, Putin said Russia was ready to invest $1.4 billion in Serbia’s section of the pipeline extension, known as the New Transmission Gas Pipeline (NTGP).

Putin’s comments were followed by confirmation from Gazprom Chief Executive Alexei Miller that his company had committed to expanding the capacity of Serbia’s Banatski Dvor underground gas storage...