The EU will support the project for construction of a gas interconnection between Serbia and Bulgaria with about EUR50m in IPA funds for 2017, Energy Minister Aleksandar Antic said yesterday. He added that the EU is expected to approve EUR49.6m of grant funds for the project in December, which is more than initially expected. The cost of the Serbian section of the gas link is estimated at EUR80m, according to media reports.
The construction of the gas interconnection, which aims to diversify gas supply routes, was announced in January when Serbia and Bulgaria signed a memorandum on the project. The construction of the interconnection is planned to start by May 2019 so that it becomes operational by end-2020. The total length of the new pipeline in both countries will be 150km. The interconnection will enable a transfer of 1.8bcm of gas per year.