Energy Ministry Completes First Stage of Bulgaria-Serbia Gas Interconnector

Business » ENERGY | December 28, 2015, Monday // 19:56
Bulgaria: Energy Ministry Completes First Stage of Bulgaria-Serbia Gas Interconnector File photo

The Bulgarian energy ministry announced on Monday that it had completed the first stage of the construction of the projected gas interconnector between Bulgaria and Serbia.

The financing was provided under the Development of the Competitiveness of the Bulgarian Economy Operational Programme 2007-2013, which is co-funded by the European Regional Development Fund.

The realization of the projected interconnector is in line with the priorities of the government to ensure diversification of the sources and routes of natural gas and the security of gas supplies to the country and the region of Southeastern Europe.

According to forecasts, initially the pipeline will have a capacity to transport 1.8 billion cubic metres per year.

The total cost of the Bulgarian section of the project exceeds BGN 92.6 M, with the expenditures on the first stage surpassing BGN 3.4 M.

Preparations for obtaining funding for the second stage of the project has been initiated.

The construction of the interconnector will be realized and funded by the Innovations and Competitiveness Operational Programme 2014-2020.

The estimated date for the interconnector to enter into exploitation is until the end of 2018.


We need your support so can keep delivering news and information about Bulgaria! Thank you!

Energy » Be a reporter: Write and send your article
Tags: Bulgaria, Serbia, gas, interconnector, energy, diversification
Advertisement All Are Welcome! Join Now!
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria