
Bulgarian 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




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The OPEC Monthly Oil Market Report covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance. Please find the Report 





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