Antic: TurkStream to secure gas supplies

Serbia has begun another strategic investment - the construction of a national trunk gas pipeline from the Bulgarian to the Hungarian border that will also transport gas from the TurkStream pipeline, Serbian Minister of Mining and Energy Aleksandar Antic said Tuesday.

21 Maj 2019 12:52

BELGRADE - Serbia has begun another strategic investment - the construction of a national trunk gas pipeline from the Bulgarian to the Hungarian border that will also transport gas from the TurkStream pipeline, Serbian Minister of Mining and Energy Aleksandar Antic said Tuesday.
It is one of the strategically most significant projects for Serbia's future and development, he told the RTS.
"Through this project, Serbia will secure gas supplies and tackle all the risks we have been facing until now, and also become a transit country when it comes to gas. Serbia will obtain revenue from that and open up possibilities for further development through this. This will enable new gasification, new industrial and business zones and further reindustrialisation of the country," Antic said.
He said 30 pct of the funds were provided by Gastrans stakeholders - Srbijagas and Gazprom - and that the rest was project-based funding.

Photo: Tanjug/J.Pap, file

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