B92: Russians "won't determine price of gas alone"

He denied allegations that the Russian side will alone be exploiting and setting the price for the gas.

Chepurin said that the South Stream section through Serbia will not be managed only by Gazprom, but also by a Serbian enterprise, recalling that Gazprom will pay 51 percent of the construction costs, which amount to EUR 1.9 billion. 

"We are speaking about 63 billion cubic meters of gas," he said, adding that the Russian side has put forward a proposal to build compressor stations and gas storage facilities. 

Chepurin said it was agreed that the Russian company should pay both its part and Serbian side’s part, adding that the Serbian part will be financed from a loan and repaid from gas transits and profits of the company South Stream Serbia AG.  MORE