The Serbian authorities are planning to build a gas interconnector connecting Serbia and Bulgaria, through which regasified liquefied gas, as well as "blue fuel" from the Caspian region, will be supplied to Serbian consumers. Thus, Belgrade thought about building a competitor to Turkish Stream.
Interconnector Nis - Dimitrovgrad - Bulgaria with a length of about 160 km will cost Serbian taxpayers 89 million euros. Of these, according to the Bulgarian resource BGNES, 25 million will be provided by the European Investment Bank (EIB) in the form of a loan. About $ 50 million of investments in the pipeline will come from the European Union.
Bulgaria will pay 62 million euros for the construction of its 76 km part of the interconnector, 27 million of which will be covered by the EU. The start of work is scheduled for the end of 2021, the completion of the project is expected in two years.
This is an important investment for us because, along with the Balkan Stream, it will make possible further diversification of energy sources.
- noted the President of Serbia Alexander Vucic during a meeting with the head of Bulgaria Rumen Radev.
The planned capacity of the new gas route will be 1,8 billion cubic meters. The interconnector will be able to be used to supply regasified LNG from Greece, as well as gas via the Southern Gas Transportation Corridor from Azerbaijan. At the moment, Serbia receives "blue fuel" only through the "Turkish Stream", and the planned pipeline will in fact become a competitor to its Balkan branch.