Agreement signed to connect gas pipelines of Serbia and Bulgaria - Project worth EUR 200 million

Serbian and Bulgarian prime ministers, Ivica Dacic and Boyko Borisov, signed an agreement on Friday (14 December 2012) in Brussels to implement a gas interconnection project, which involves the construction of a system to connect gas pipelines of Serbia and Bulgaria, scheduled to start in mid-2013 and end in 2015.

This project, funded by the European Commission, will cost between 100 and 200 million euros, 62m of which will be set aside for the works in Serbia.

Dacic voiced his expectation that Serbian companies would take part in the construction, while European Commissioner for Energy Gunther Oettinger said at the signing ceremony that it was a clear sign that the European energy community was involving the neighboring countries as well.

Oettinger underlined the importance of the European Bank for Reconstruction and Development's role in this project.

This interconnection system connecting the gas pipelines of Serbia and Bulgaria should go from Nis to Sofia, via Dimitrovgrad.