Stroytransgaz to Build Gas Pipeline in Macedonia

MOSCOW, March 12, 2015 /PRNewswire/ --

Stroytransgaz PJSC, a member of the Stroytransgaz Group ("STG"), the international diversified construction group, will begin construction of the Klečovce-Negotino gas pipeline in the Republic of Macedonia on March 14, 2015, when the ceremony of welding the first joint of the pipeline is scheduled to be held. The event will be attended by Nikola Gruevski, the Prime Minister of Macedonia.

The total length of the Klečovce-Negotino gas pipeline is 96.6 km, 61 km of which will be constructed by STG with a pipe diameter of 508 mm. The construction of STG's section is scheduled to be completed in June, 2016.

STG will carry out its work as part of the repayment of the outstanding debt between the former USSR and the former Socialist Federal Republic of Yugoslavia (SFRY), of which Macedonia was a member. The cost of the project amounts to $75.7 million, in accordance with the Intergovernmental Agreement on Settlement of Turnover-Related Liabilities, which was signed on June 19, 2010. The Klečovce-Negotino line will become part of a new gas pipeline system, its construction is important for development of the country in social and economic areas, strengthening of its energetic capacities and solution of the ecological and other problems.

The contract, which was signed by STG with Macedonian Energy Resources JSC, has passed all internal regulatory procedures and was adopted for financing by the Ministry of Finance of the Russian Federation before entering into force. To implement the project, a branch of STG PJSC was established in Macedonia.

Additional information:

STG Group is an international diversified construction holding, with a history of 25 years of implementing large infrastructure projects in Russia and abroad. The Group has delivered more than 90 projects in 19 countries around the world, including more than 13,000 km of pipelines and about 4,000 km of gas distribution networks; built 50 and renovated 19 compressor stations; and developed more than 40 oil and gas fields.