Macedonia and Russia Sign South Stream Agreement

Russia and Macedonia plan to construct a line from the South Stream pipeline.

Russia's Ministry of Energy commented that an agreement for the pipeline to deliver gas to the Balkan country was signed during meeting of Russian  Energy Minister Alexander Novak and senior Macedonian officials including  Prime Minister Nikola Gruevski.

Itar-Tass reports that the document calls for the creation of a joint company with ownership divided evenly between Gazprom and Macedonian Energy Resources.

The agreement also provides guarantees that  Macedonia will facilitate a favorable customs and tax environment for the project. t