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Gazprom holds meeting to discuss gas supply to Republika Srpska

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World Pipelines,

The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee, and Milorad Dodik, President of Republika Srpska.

The parties discussed the main areas and outlooks of cooperation in the energy sector, placing an emphasis on the construction of the South Stream pipeline. At present, the parties involved in the project are finishing the preparation of the intergovernmental agreement providing for joint construction and subsequent operation of a gas branch from the trunkline to Republika Srpska, as well as boosting the gas-based power industry in the country.

The participants signed the basic terms and conditions of natural gas supply to Republika Srpska. The document provides for gas exports to Republika Srpska via the existing gas transmission corridors from mid-2015 until the moment when South Stream is commissioned in the country. It was stressed that the basic terms stipulated gas supplies under a direct contract with local gas company GAS RES.

Adapted from press release by Rosalie Starling

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