Serbia (bbabo.net), - February 1, construction of an interconnector between Bulgaria and Serbia will begin. It will run parallel to the continuation of the Turkish Stream. Belgrade expects to receive additional Azerbaijani gas and LNG.
“Construction of an intersystem gas pipeline between Bulgaria and Serbia on Bulgarian territory will begin on February 1. Presidents of Bulgaria Rumen Radev and Serbian President Aleksander Vucic will take part in the opening ceremony of the construction works,” BNR Radio reports with reference to the administration of the President of Bulgaria.
The total length of the interconnector with a capacity of 1.8 billion cubic meters per year will be 170 kilometers and it is planned to be launched by October this year. Serbian President Aleksandar Vučić called the same dates at the opening of a gas pipeline between Greece and Bulgaria.
It is planned that the interconnector will supply Azerbaijani gas from the Southern Gas Corridor and regasified LNG from Greek terminals. The cost of construction of the 62-kilometer Bulgarian section is estimated at 76 million euros, 27 million of which are allocated by the European Union.
Also, they are talking about plans to receive Azerbaijani gas in Budapest, where a parallel gas pipeline leads - a continuation of the Turkish Stream. Azerbaijan has promised to double gas supplies to Europe, but by 2027. While the country does not have enough capacity and part of the gas in winter, in order not to reduce exports, is bought from Gazprom.
Serbia consumes a little over 3 billion cubic meters annually. 2 billion of them the country receives from Russia. In January, the director of Serbian gas, Dusan Bajatović, said on air on the RTS channel that Serbia receives fuel at $396 per thousand cubic meters. The price is tied to oil quotes and is 1.6 times lower than the current prices on the EU exchanges.
“We pay 800 million euros (per year), a fantastic price! And for an additional 1.2 billion cubic meters of gas, we would have paid 4.8 billion euros if we bought at current prices. Fortunately, we managed to buy before this difficult time, otherwise we would have been bankrupt, ”Alexander Vucic said in August.
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