Supported byClarion Energy
HomeNews Serbia EnergySerbia: 50 million...

Serbia: 50 million euros EU grant expected for gas interconnection with Bulgaria

Serbian Minister of Energy and Mining Aleksandar Antic said that the project for the construction of gas interconnection with Bulgaria is one of the most important projects for Serbia’s energy security and he expects that a grant worth about 50 million euros will be received soon.

Minister Antic stressed the importance of the project as both the Government and the Ministry of Energy are dedicated to the realization of this project, adding that Serbia will implement the project within the defined time limits. It is expected that the project will enter IPA funding in 2017 and that Serbia will receive the grant in 2018, while the gas link to Bulgaria should be operational by the end of 2020.

In January 2017, Bulgarian Minister of Energy Temenuzhka Petkova and her Serbian counterpart Aleksandar Antic have signed a Memorandum of Understanding (MoU) on the project for the construction of gas interconnection between Bulgaria and Serbia. According to the MoU, the construction of the gas pipeline between the two countries should begin by May 2019, while it should be put into operation by the end of 2020. The project envisages the construction of gas pipeline with the annual capacity of 1.8 billion cubic meters of gas. Serbian section of the interconnection is 180 kilometers long two-way gas pipeline, which should enter the country from Bulgaria near Dimitrovgrad and finish near Nis, where it would branch towards Zajecar.

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Serbian power prices drop as Hungary-Germany spread widens sharply

Serbian day-ahead electricity prices fell for October 8 delivery, while Hungary, Bulgaria and Montenegro recorded increases, widening regional price differences and keeping electricity costs elevated across southeastern Europe despite forecasts for stronger renewable generation. Hungary’s HUPX price rose €3.50 to...

Romania’s day-ahead power prices surge 81% year on year in September

Romania’s average day-ahead electricity price reached €176.14/MWh in September, marking an 81.49% increase from a year earlier and a 16.53% rise compared with August, when the average stood at €151.16/MWh. Trading volume on the day-ahead market reached approximately 1.212 TWh,...

Bulgaria’s power prices jump 16% as September trading volume hits 3.1 TWh

Bulgarian day-ahead electricity prices rose 16% in September, increasing wholesale purchasing costs on the Independent Bulgarian Energy Exchange as traded volumes also expanded. The average baseload price reached €166.24/MWh, up from €143.15/MWh in August. The average peak price also increased,...
Supported byVirtu Energy