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. Last Updated: 07/27/2016

Gazprom, Serbia Form South Stream Venture

Gazprom and Srbijagas, Serbia’s state-run gas utility, formed a venture to oversee construction of the South Stream natural gas pipeline across Serbian territory, Gazprom said Tuesday.

South Stream Serbia will be registered in Switzerland “soon,” Gazprom said. Gazprom will hold 51 percent of the venture while Srbijagas will have 49 percent.

(Bloomberg)