Mihajlovic: The Goal is to be a Transit Route in Energy, as we are in Transport

Photo: The Government of the Republic of Serbia

Deputy Prime Minister and Minister of Mining and Energy, prof. Zorana Mihajlovic, Ph.D., stated that the state is doing and will do everything it can to ensure sufficient amounts of energy for the upcoming winter and that thanks to financial stability it is possible to ensure energy security.

Mihajlovic reiterated for TV Kurir that despite the announced price increase, the price of electricity in Serbia will still be the lowest in Europe, and that the goal is for our country to be a transit route in energy, as it is in traffic.

“What we are intensively working on, which is a priority, is the completion of the gas interconnection with Bulgaria, and when everything is completed in September of next year, we will have the opportunity to purchase gas from Alexandroupolis, that is, the LNG terminal, as well as from Azerbaijan. When we have more suppliers, it automatically increases the security of the country, because it is not good to depend on only one supplier, whatever country it is. Also, we want to connect not only in the gas sector, but also in the high-voltage network, and with Croatia, North Macedonia, Bosnia and Herzegovina, Romania, because we want to be a transit route in energy, as we are in traffic, that is the vision of how Serbian energy should look like,” added Mihajlovic.

She said that, when it comes to the upcoming winter season, the state is doing everything it can to provide enough energy and energy sources.

“Thanks to financial stability, we manage to provide everything, but it costs the state a lot. We will have to import electricity in the coming months as well, because we have a serious problem in the power industry, and I believe that this would not have happened if things had been done differently. We have always been with EPS, we have facilitated the import of electricity and coal. The only way out for the Serbian energy sector is investments, especially in RHE and OIE, through strategic partnerships. It is necessary for EPS to invest in existing and new mines, but also to finally start building new capacities,” said Mihajlovic.

She said that, when it comes to raising the price of electricity, that step was necessary, given the increase in prices in the entire production chain, but that despite the announced price increase, the price of electricity in Serbia will still be the lowest in Europe.

“The Ministry of Mining and Energy has prepared a regulation on the energy vulnerable customer, which will enable those citizens who are not socially vulnerable according to the criteria of social institutions, but have low incomes, to have the right to benefits when paying for electricity, gas and thermal energy,” said the Deputy Prime Minister.

Source: Ministry of Mining and Energy

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