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JPM Advises Gastrans on Construction of Serbian Section of Turkish Stream Pipeline Through Serbia

JPM Advises Gastrans on Construction of Serbian Section of Turkish Stream Pipeline Through Serbia

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JPM Jankovic Popovic Mitic provided legal support to Gastrans d.o.o., Serbia (a 100% subsidiary of a OAO Gazprom and Srbijagas joint venture) on the construction of Gazprom's 400 km long Turkish Stream gas pipeline through Serbia, which Srbijagas Director Dusan Bajatovic has recently declared complete.

The TurkStream pipeline carries gas from Russia under the Black Sea and onwards through Bulgaria, Serbia, and Hungary.

According to JPM, "the pipeline will enable about 1.8 billion cubic meters of natural gas to be delivered annually in both directions. The capacity of the pipeline will be expandable up to 4.5bcm/y."

JPM's team was led by Senior Partner Jelena Gazivoda and includes Partners Nikola Djordjevic and Ivan Petrovic.