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Slovak Companies to Take Part in Gas Projects in Serbia
Friday 19 March 2010 Zoom in | Print page
Bratislava, March 19 (TASR) - Slovak companies will take part in the construction of the Aleksandrovac–Novi Pazar regional gas pipeline and underground gas reservoirs in Serbia, according to an agreement signed on Friday by representatives of Serbian gas company SRBIJAGAS, Novi Sad and Slovak company NSG Technology, Gbely, which was brokered by the Slovak Investment and Trade Development Agency (SARIO).
The two projects will cost more than €300 million. The construction work on the 175-kilometre long gas pipeline should begin next year, with the volume of the investment expected to reach €46 million. The rest of the aforementioned total sum, €254 million, will be invested in the construction of gas reservoirs with a total capacity of 1 billion cubic metres. This project is a long-term one, however, and the companies involved don't know yet when construction will be launched.
Serbia was the most severely hit country during the gas crisis in early 2009, which was caused by a dispute between Russia and Ukraine and also affected Slovakia. "There's only one gas reservoir in Serbia, which, moreover, is under the majority ownership of (Russian gas giant) Gazprom. This is inadequate when it comes to energy security. These projects are therefore very important for our country," said Serbia's Mining and Energy Ministry State Secretary Dusan Mrakic.
Slovakia's Economy Ministry and Serbia's Mining and Energy Ministry in December signed a protocol on co-operation in the sphere of energy.
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