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Bulgaria and Serbia reaffirm commitment to construction of gas interconnector

Bulgaria and Serbia signed a joint declaration on the construction of a pipeline that will link their gas transmission systems.


Sofia, May 18 - Neftegaz.RU. Bulgaria and Serbia signed a joint declaration on May 17 on the construction of a pipeline that will link their gas transmission systems, the Bulgarian energy ministry said.

 

The document was signed by the Bulgarian energy minister Temenuzhka Petkova and her Serbian counterpart Aleksandar Antich on the sidelines of the EU-Western Balkans summit in Sofia, the ministry said in a statement.

 

By signing the declaration, the 2 countries affirm their commitment to completing the project, so that the gas interconnection can become operational by May 2022.

 

A joint working group will be established to oversee the construction of the gas interconnector, the ministry added. State-owned gas transmission system operator Bulgartransgaz will manage the project implementation on the Bulgarian side.

 

Both Serbia and Bulgaria are heavily dependent on Russian gas supplies. Bulgaria imports almost all the gas it needs to cover its domestic needs via a single pipeline from Ukraine through Romania.

 

Landlocked Serbia imports 82% of the gas it needs from Russia through a pipeline crossing Hungary and Ukraine. The rest comes from domestic sources.

 

Source : Neftegaz.RU