ANTIC: Expansion of Serbian gas system agreed with Russia

Russia's energy giant Gazprom and Serbia agreed on long-term cooperation in expanding the country’s gas transit network, including from Bulgaria to Hungary, Minister of Energy and Mining Aleksandar Antic told TASS on the margins of the Saint Petersburg Economic Forum, following the meetings with the heads of Gazprom and Gazpromneft, Alexey Miller and Alexander Dyukov.

– Serbia has made the decision on long-term cooperation with Gazprom. We talked about developing Serbia’s gas transportation network, particularly via the pipeline from Bulgaria to Hungary. Issues of increasing the capacity of the joint underground gas storage facility were also discussed – Antic said.

According to Antic, the capacity of the facility, owned jointly by Gazprom and Serbia, can be increased from the current 450 billion cubic meters by 750 or even 1 billion cubic meters.

– We expect an investment decision on the construction of the gas transit network and the underground gas storage facility to be made this year – he added.

He told TASS that there was discussion with Gazpromneft as to how to enhance the cooperation between Serbia and Russia and the cooperation through NIS.

These are deep oil processing projects, worth EUR 300 million, as well as projects related to TE-TO Pancevo, worth EUR 160 million, Antic told TASS.

The Ministry of Energy of Russian announced that Minister Alexander Novak had met with Antic and discussed the cooperation in the field of gas and oil, as well as joint projects of energy companies. Novak said that “intensive works on the realization of the development of the gas system of Serbia, in line with the TurkStream project” were in progress, the Russian ministry says in its press release.

Ministarstvo rudarstva i energetike Republike Srbije

Gazprom Moscow

NIS a.d. Novi Sad

Gazprom energoholding Serbia TE-TO Pančevo d.o.o.

Ministry of Energy of Serbia

Gazprom

Gazpromneft

Naftna Industrija Srbije

NIS

Ministry of Energy of Russia

Aleksandar Antic

Alexey Miller

Alexander Dyukov

Alexander Novak

Saint Petersburg Economic Forum

gas transport system of Serbia

gas pipeline in Serbia

underground gas storage in Serbia

TE TO Pancevo

TurkStream