Agreement on Gas Interconnector Serbia-Bulgaria Worth Nearly EUR 90 Million Signed

The financial agreement on the project of the construction of the gas interconnector Nis-Dimitrovgrad-Bulgaria has been signed at the Government of Serbia by the Serbian finance minister, Sinisa Mali, and the vice president of the European Investment Bank (EIB), Lilyana Pavlova.

The signing of the agreement was also attended by the Serbian mining and energy minister, Zorana Mihajlovic, and the head of the EU Delegation to Serbia, Sem Fabrizi.

The total value of the project, according to the estimate of the EIB, amounts to EUR 85.5 million, of which the EIB provides EUR 25 million as loans, EUR 49.6 million are grants from the EU IPA funds, whereas the rest is to be covered from the budget of Serbia and the own funds of the PE Srbijagas.

The construction is expected to begin in late 2021, and the planned capacity of the gas pipeline Nis-Dimitrovgrad is 1.8 billion cubic meters a year. The plan is for it to become operational by 2023.

The realization of the project secures the diversification of the routes and the sources of gas supply, which also means a higher security of the supply of Serbia and the region and the further development of the distributive gas network in Central, East and South Serbia.

The idea of the construction of a gas interconnection for the purpose of the diversification of the routes and the sources of gas has existed for nearly three decades, and the agreement on the construction of the Nis-Dimitrovgrad gas pipeline was signed back in 2010.

Vlada Republike Srbije

Ministarstvo finansija Republike Srbije

Ministarstvo rudarstva i energetike Republike Srbije

Evropska investiciona banka EIB

Delegacija Evropske unije u Republici Srbiji Beograd

JP Srbijagas Novi Sad

Government of Serbia

Ministry of Finance

Ministry of Mining and Energy

European Investment Bank

EIB

EU Delegation to Serbia

PE Srbijagas

Srbijagas

European Commission

Sinisa Mali

Lilyana Pavlova

Zorana Mihajlovic

Sem Fabrizi

construction of gas interconnector Nis Dimitrovgrad Bulgaria

gas interconnector