Serbia: Srbijagas gives 175 MEUR for South Stream, loan from Gazprom

Published on December 2, 2013 11:44 am

PE Srbijagas will get loan of about 175 MEUR from Russian Gazprom for the financing the section construction of South Stream through Serbia, says Dusan Bajatovic CEO Srbijagas. Interest rate for the loan will be 4,25%/year with a grace period.

At a press conference on the occasion of the beginning of South Stream construction in Serbia, Bajatovic said that the interest rate on the loan will be 4.25 percent per year, with a grace period until the start of pipeline operation.

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