The World Bank is considering a multi-stage support initiative aimed at enhancing Serbia’s gas sector, with potential financing for cross-border gas connections, domestic infrastructure upgrades, and the establishment of new gas storage facilities. This interest was communicated during discussions involving Energy Minister Dubravka Djedovic, who highlighted the importance of natural gas as a transitional energy source in Serbia’s decarbonization efforts.
Minister Đedovic emphasized that natural gas is pivotal to the national energy framework, necessitating further infrastructure development to meet goals set forth in strategic national documents. The talks with the World Bank delegation also delved into various financing options and technical support for energy projects, particularly focusing on initiatives related to gas infrastructure and energy efficiency.
A significant project highlighted by the Minister is the planned interconnector with North Macedonia, which has already completed a feasibility study. Funded by the European Union, this interconnector aims to enhance supply diversification and create additional routes for gas transit once it becomes operational.
In addition to infrastructure projects, Minister Đedovic discussed the SURCE program, a collaborative effort with the World Bank designed to improve household energy efficiency. This initiative is on track to provide subsidies to approximately 50,000 households by 2027, aiming to reduce emissions while easing financial burdens on households.
The World Bank has also expressed interest in supporting large-scale renovations of public buildings such as schools, kindergartens, and hospitals. These renovations are projected to decrease energy consumption by up to 50%, potentially creating new job opportunities and amplifying both economic and environmental benefits from this cooperation.
