EU investment in gas interconnection between Bulgaria and Serbia to enhance energy security in the region
To boost the diversification of energy sources in the Western Balkan region, reduce dependency on one dominant supplier and increase energy security, a joint commitment to implement the gas interconnector between Bulgaria and Serbia has been signed today 17 May by the Energy Minister of Bulgaria, Ms. Temenuzhka Petkova, and the Energy Minister of Serbia, Mr. Aleksandar Antić, on the occasion of the Western Balkans summit of Leaders in Sofia, Bulgaria. This interconnection will for the first time link the gas systems of Bulgaria and Serbia.
This new political impetus to the project showcases the political will of all parties. Once completed, the interconnector will constitute a major contribution to the solidarity in the Energy Union. The interconnector will allow for the transfer of between 1 and 1.8 billion cubic metres of natural gas annually from Bulgaria to Serbia and 0.15 billion cubic metres from Serbia to Bulgaria. The project forms part of the EU’s Projects of Common Interest and is a priority in the context of the Central and South Eastern Europe Energy Connectivity High Level Group (CESEC).
The European Commission is contributing notably to the Serbian side of the Bulgaria-Serbia Interconnector with a Pre-Accession grant of EUR 49.6 million. The Commission is actively facilitating progress on this priority project in close contact with both the Bulgarian and the Serbian authorities.
The new gas pipeline will provide a new supply route from Bulgaria not only to Serbia, but also to other parts of the South-East European region. This will enable access to liquefied natural gas from Greece, Azeri gas from the Southern Gas Corridor, as well as gas from Black Sea offshore production, and ensure improved integration of these sources into the EU’s internal energy market.
For more details, see the factsheet.