Serbia: ready to construct Turkish Stream section

12/02/2019 10:29 Natural Gas


According to TASS, Serbia is ready to begin the construction of its section of the Turkish Stream gas pipeline running from the Bulgarian border to Hungary, Dusan Bajatovic, director general of national gas company Srbijagas said.

Speaking at a session of the Parliamentary Committee on the economy, regional development, trade and energy, Bajatovic said «Serbia is ready for the construction of this project, the 1st €300 million has already been secured, the construction is to begin in late March or early April.»


Construction will be completed by December 15 providing the energy community does not put obstacles in the way, he said.


Earlier on October 26, 2018, Aleksandar Antic, Serbia's Energy minister, said that joining the project would provide a great opportunity to improve energy security for both the nation and the region. Serbia is ready for this opportunity, but will need its neighbors of Bulgaria and Hungary to cooperate, he said.


The 2nd line of theTurkStream to transfer Russian gas to Europe is expected to route through Bulgaria following transmission via Turkey. Turkish Stream gas plans to run from Turkey to Bulgaria, then Serbia, Hungary and Slovakia.

Daily (29.07.2020): British gas prices gained ground on Tuesday amid lower Norwegian flows and higher carbon prices

29/07/2020 10:24:00

Crude oil futures ended lower on Tuesday as market players continue to fret over the impact of COVID-19 on energy demand ahead of weekly petroleum supply data expected to show a further rise in U.S. crude inventories. Hence, Brent crude slipped by 19 cents, or 0.4%, to settle at $43.22 a barrel, while U.S. WTI crude futures declined by 56 cents, or 1.4%, to settle at $41.04 a barrel.


UK can have "negative-subsidy" offshore wind online in couple of years

29/07/2020 09:50:00

The UK’s contracts for difference (CfD) auctions in September 2019 will likely bring the world’s first "negative-subsidy" offshore wind farms, according to a study led by Imperial College London (ICL) researchers.


Sweden's Lundin Energy Q2 operating profit lags despite record output

29/07/2020 09:43:00

Swedish oil firm Lundin Energy , a partner in Norway’s giant Johan Sverdrup oilfield, reported on Wednesday a worse-than-expected operating profit, despite producing record output in the quarter.