Sochi hosted yesterday a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Dusan Bajatovic, Director General of state-owned Srbijagas. The meeting participants looked into the cooperation in the oil and gas sector, touching upon Russian natural gas supply, underground storage, joint infrastructure projects and interaction in the energy sector.

Special attention was paid to implementing the South Stream project in Serbia. An environmental impact assessment was successfully finished in the Republic; spatial planning procedures aligned with the national law are nearing completion.

South Stream is Gazprom's global infrastructure project aimed at constructing a gas pipeline with a capacity of 63 billion cubic meters across the Black Sea to Southern and Central Europe for the purpose of diversifying the natural gas export routes and eliminating transit risks. The first gas will be supplied via South Stream in late 2015. The gas pipeline will reach its full capacity in 2018.