Gazprom and Comita Discuss NGV JV

| Russia, St Petersburg
South Stream Map

Proposed South Stream pipeline route

Alexey Miller, Chairman of the Gazprom Management Committee and Danilo Durakovic, Chief Executive Officer of Comita d.d., an international technological system solutions provider based in Slovenia, have discussed natural gas for transportation at a working meeting at the St. Petersburg International Economic Forum 2014. The participants addressed the issues of cooperation within the South Stream project. In particular, they paid attention to the possibility of setting up a joint venture aimed at comprehensively developing the NGV sector in the project countries.

In 2012 Gazprom Telecom and Comita set up the South Stream Telecom joint venture (with Gazprom Telecom holding a 50 per cent stake plus one share, Comita – 50 per cent minus one share). The main objective of the joint venture is operation and provision of integrated telecommunications services at main communication lines along the South Stream gas pipeline.

South Stream is a planned gas pipeline to transport Russian natural gas through the Black Sea to Bulgaria and further to Greece, Italy and Austria, with pipeline passing through Serbia, Hungary and Slovenia.

(Source: Gazprom)

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