At least 200 million EUR goes to Serbia from gas transit by South Stream on annual plan- Additional incomes from shares for Croatia and Republika Srpska

, News Serbia Energy

Construction of South Stream, gas plants, development and extension of gas storage in Serbia are the base for development of Serbian industry- it was said at “Gas 2013” meeting.

-Serbia can expect 200 million EUR yearly from gas transit within Serbian Sector of South Stream which is 422,4 km long. Additional income will be from gas transit in branches for Croatia and Republika Srpska that are 160 km long- gas expert Nenad Djajic said.

Big number of workers will be employed in construction of Serbian Sector that supposes to begin by the end of this year- Djajic added. This pipeline will enable development of gas plants where the first one can be constructed in Pancevo in cooperation of “Srbijagas” and NIS- he said and stressed that these facilities offer the highest degree of gas use.

He reminded that Serbia has already finished spatial plan for special needs for South Stream and the special Law for South Stream that will accelerate works on this project and he added that finalization of main project is expected during June.

Total capacity of gas pipeline is around 63 billion cubic yearly and length of Serbian Sector is 422,4 km from the beginning line on the border with Bulgaria near Zajecar to the border with Hungary near Backi Breg.

Executive Director of the Company “Podzemno skladiste gasa Banatski Dvor, Sasa Ilis has stressed the significance of this project for energy safety of Serbia. He emphasized that the first warehouse year has been finished successfully and it lasted from 1 April last year until 1 April this year and he stressed that 360 million cubic meters were put into storage from 18 production drillings with highest daily production of 1,5 million cubic and that gas was used if necessary in total amount of 200 million cubic.

Expansion of underground warehouses is very important because of future development of renewable energy sources- he said and explained that electricity production from gas is the easiest way to fulfill required amounts of electricity when electricity from renewable sources, wind, sun and similar is lacking.

Source;Agencies/Serbia Energy