Serbia launches interconnector to gas pipeline in Bulgaria
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Serbia launches interconnector to gas pipeline in Bulgaria
NIS, Serbia (Reuters) - Serbia on Sunday completed the interconnector to a pipeline in Bulgaria which would allow the Balkan country to diversify its gas supplies and reduce its dependence on Russia.
The launch of the interconnector will make operational the pipeline from the town of Novi Iskar in Bulgaria to the Serbian city of Nis, allowing Belgrade to access gas from Azerbaijan and LNG terminal in the Greek port of Alexandroupolis.
The capacity of the pipeline on the Serbian side is 1.8 cubic metres a year, which accounts for 60% of the country's annual gas needs.
The European Commision donated 49.6 million euros ($53.37 million) for construction of the interconnector. Another 25 million euros was secured in a single loan from the European Investment Bank while 22.5 million was provided by Serbia.
"With this interconnector we are securing alternative gas supplies, apart from the Russian gas," Serbian energy minister, Dubravka Djedovic Handanovic said.
Azerbaijani President Ilham Aliyev and Bulgaria's President Rumen Radev attended the ceremony in Nis.
"Today we are changing the energy map of Europe," Radev said.
"The interconnector is significant for the entire region. The war in Ukraine made us think about good neighbourly relations and support."
On Nov 15, Serbia signed a deal with Azerbaijan to purchase 400 million cubic metres of natural gas per year from 2024.
