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Home / News / Today's Headlines / Gazprom, Slovenia Sign 15 Year Deal

22.05.2009

Gazprom, Slovenia Sign 15 Year Deal

(RIA Novosti) - Gazprom and Slovenia have agreed on a deal extending Russian natural gas supplies for another 15 years, the Russian communications and media minister said on Friday.

The current agreement expires next year.

Igor Shchyogolev said the agreement was signed between a Gazprom subsidiary and Slovenia's state-controlled Geoplin.

The Slovenian economy minister said Slovenia and Russia would sign a deal on the South Stream gas pipeline project in June.

South Stream is a rival to the Western-backed Nabucco pipeline, designed to bring gas from Central Asia and the Caspian to Europe bypassing Russia. The EU, nervous about growing energy dependence on Russia, is backing the project despite the current economic crisis.

- Copyright 2009, RIA Novosti. All rights reserved.

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