Bulgaria and Serbia Signed Memorandum of Understanding on Gas Interconnector

Serbia | Gas

22-12-16Bulgarian outgoing Minister of Energy Temenuzhka Petkova and her Serbian counterpart – Minister of Energy and Mining Aleksandar Antić, inked a Memorandum of Understanding on the project for construction of a gas interconnector between Bulgaria and Serbia, FOCUS New Agency journalist reported.

Under the document the two countries agreed to make maximum efforts to start the construction of the interconnector by May 2019, the latest, so as to launch it in exploitation by the end of 2020.

The signing of the Memorandum of Understanding continues the agreement signed between the two countries on the construction of a gas connection back on December 14, 2012.

The realization of the first stage of the project in the Bulgarian section was finalized on December 31, 2016. It was done with financing under OP Development of the Competitiveness of the Bulgarian Economy 2007-2013.

“Bulgaria has guaranteed financing of EUR 45 million for the project,” Ms Petkova remarked.

“I would like to thank my Serbian counterpart for the constructive dialogue between the two countries so as to have this memorandum a fact today,” she added.

Source: focus-fen.net