2.1 C
Supported byspot_img

Serbia loss 30MEUR because of cancelled Gazprom's South Stream

Member of Europium Groupspot_img
Supported byspot_img

Serbia invested 30 million euro into the Gazprom’s South Stream and we will have to wait and see what will happen to that money, when Tesla project begins.Under the state energy agreement Russian Gazprom acquired the Serbian Oil Industry NIS and gas storage Banatski Dvor.

CEO of Srbijagas Dušan Bajatović said that the money Serbia invested in the joint project South Stream will not be refunded.

Bajatović said that the South stream project is dead and therefore will not be constructed, but sooner or later the gas from Russia will come to Serbia in a new route. He said that Russia canceled the South stream project but Serbia has no alternative for the Russian gas.

Supported by

Serbia invested 30 million euro into the South stream and we will have to wait and see what will happen to that money, when Tesla project begins. Bajatović thinks that Serbia will benefit from the contract with Russia and rejects the critisism that the energy contract with Russia should be reconsidered. „We would never have gotten such a contract. We can do whatever we want with the gas, which no other country can do“ says Bajatović. He announced that the storage unit Banatski Dvor will be expanded, but its expansin will not be funded neither by the state nor Srbijagas but the company itself. He also said that the price of gas will not go up but whether it will be cheaper depends on several factors. He added that Serbia is among countries with the lowest price for gas.

Source; www.serbia-energy.eu

Supported byElevatePR Digital

Related News

Current Accusations Against Tara Resources, the Concessionaire, Found to Be Unsubstantiated

The most likely outcome, if the concession agreement for the Brskovo mine is terminated, is that the concessionaire, Tara Resources, will initiate arbitration against...

Titan Lithium Plans Establishment of Lithium Processing Plant in the UAE

KEZAD Group, the largest operator of integrated and purpose-built economic zones, and UAE-based Titan Lithium have announced the signing of a 50-year land lease...

Outdated 1872 Law Exempts Gold, Silver, and Lithium Mining on Federal Land from Royalties to the US Treasury

When Congress opened U.S. public lands for mining in 1872, the nation was less than a century old. Miners used picks, shovels and pressurized...

Allied Nations, Including US, Advance Rare Earth Recovery Initiatives in Response to China’s Dominance

Rare Element Resources is working to establish US-based rare earth production using innovative recovery and separation technology. Forty years ago, China understood something long before...
Supported by
Supported by
Supported by
error: Content is protected !!