Russia is currently considering two options for the second leg of the TurkStream gas pipeline project, the first starting from Turkey through Bulgaria, Serbia, Hungary and Austria, and the second through Greece and Italy. The first option, according to Russian officials, currently has more chances and is backed by statements of Serbian and Hungarian representatives.
The CEO of the Serbian gas company, said that, unlike South Stream, to which the new project is very similar, this project will comply with all European Union rules, while Hungarian Minister of Foreign Affairs and Trade, Peter Szijjarto, has asked that the European Union does not obstruct implementation of the TurkStream gas pipeline project.
Srbijagas to invest EUR 3 billion in two pipelines
Bajatovic told Serbian newspaper Večernje Novosti that Srbijagas plans to invest EUR 3 billion in the next 5 years in the Serbia-Bulgaria gas interconnector, which will connect Serbia and Bulgaria, as well as the section of the TurkStream’s second leg for connecting Bulgaria, Serbia, Hungary, and Austria.
Bajatovic said that bilateral talks have been held between Serbian President, Aleksandar Vučić and Bulgarian and Hungarian Prime Ministers, Boyko Borisov and Viktor Orban.
The pipeline will have a 500 km route through Bulgaria, and it will enter Serbia from the east, near the city of Zaječar, and continue on to Belgrade and Horgoš to Hungary. Its capacity will be 13 bln cubic meters per year, Bajatović said.