Serbia to buy gas from Greece via Bulgaria

Serbia is interested in buying certain quantities of liquefied petroleum gas (LNG) from Alexandroupolis, Serbian President Aleksandar Vucic said today in a conversation with Greek President Katerina Sakellaropoulou, BGNES reported.

Serbia plans to buy up to 3.5 million cubic meters of gas per day from the liquefied natural gas terminal in the Greek city of Alexandroupolis and deliver it via the under-construction interconnection with Bulgaria, Serbian President Aleksandar Vucic said.

Greek President Katerina Sakellaropoulou is on a three-day visit to Serbia. Today, she held a closed-door meeting with Vucic, followed by a plenary meeting of the two government delegations, Greek media reported.

We have 528 million cubic meters of gas reserves, which are big reserves for our country, and they are increasing because we have permission to deposit another 100 million cubic meters in the Banatsky Dvor underground gas storage in the Russian part, and also there is an agreement with Hungary to make one more storage, which we have leased from our partners in Hungary. We will have more than 700 million cubic meters of gas, which has not been possible so far in our history

Aleksandar Vucic, Serbia President

He agreed with Sakelaropoulou that natural gas consumption is increasing sharply due to the colder heating season and could reach 16 million cubic meters per day in Serbia in winter.

That is why we talked with our Greek partners about easier access to Alexandroupolis, so that we can use it when we complete the interconnection with Bulgaria in October, from where we could receive 3 to 3.5 million cubic meters if necessary daily.

Aleksandar Vucic, Serbia President

Serbian authorities previously announced that in 2023 they plan to buy 1.4 billion cubic meters of gas per year from Azerbaijan through the interconnector with Bulgaria. In Serbia, the installation started functioning on February 1, 2022.

The Nis-Dimitrovgrad interconnector under construction, which is 109 km long on the Serbian side, is expected to cost Belgrade about EUR 90 million, of which EUR 49.6 million are EU subsidies, and the European Investment Bank has granted a loan of 25 million euros. According to the plan, the capacity of the gas pipeline will be over 1.8 billion cubic meters of gas per year.

On October 1, 2022, the Serbian head of state attended the opening ceremony of the interconnector – a 182-kilometer gas pipeline from Greece to Bulgaria, from the city of Komotini in Greece to Stara Zagora in Bulgaria. The capacity of the gas pipeline is 3 billion cubic meters of gas per year, with the potential to increase volumes to 5 billion cubic meters. It is intended for gas from Azerbaijan via the Trans-Adriatic Gas Pipeline (TAP) and a LNG terminal in Alexandroupolis.

Russia is currently the only supplier of natural gas to Serbia. Official Belgrade has secured about 2.2 billion cubic meters a year, or 62% of its annual gas needs, under a two-year contract with Gazprom and plans to reserve about 700 million cubic meters of gas for the winter on its territory and in Hungary.

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