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EU and Serbia to fund new gas interconnector between Serbia and Bulgaria – EURACTIV.com

The EU and Serbia are financing a new natural gas interconnector between Serbia and Bulgaria, the construction of which, which will start on Tuesday, is expected to be completed in the fourth quarter of 2023, the EU Information Center announced on Monday. Belgrade.

The Niš-Dimitrovgrad-Bulgaria interconnector construction project will be partly financed by EU grants — up to €49.6 million, plus a favorable loan of €25 million from the European Investment Bank, to be reimbursed by Serbia for the portion of the gas pipeline which crosses its territory.

To date, Serbia has earmarked 7.5 million euros for the project. The interconnector will connect Niš to the Bulgarian capital Sofia, while the planned capacity of the new gas pipeline is 1.8 billion cubic meters of natural gas per year.

According to the project, the new gas pipeline will provide an additional 80% increase in capacity compared to Serbia’s current annual needs of around 2.4 billion cubic meters of gas per year.

The new pipeline, as well as a new pipeline under construction between Greece and Bulgaria, will diversify energy sources in Serbia and the Western Balkans and expand sources of supply. It will also facilitate access to gas in places in Serbia that did not have it until now, mainly in the south and east of the country.

The EU has prepared non-reimbursable EU IPA funds for the entire energy sector of Serbia for 100 million euros for 2022, including 49.6 million euros for this project.

(EURACTIV.rs | betabriefing.com)