Srbijagas

BAKU - The energy ministries of Serbia and Azerbaijan signed on Wednesday a MoU on deepening bilateral relations in the energy sector and a commercial agreement between the gas companies Srbijagas and SOCAR under which Azerbaijan will supply up to 400 mln cubic m of natural gas to Serbia by end-2024.

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic said on Thursday the construction of a Serbia-Bulgaria gas interconnector would be completed in mid-November.

The head of Serbian state-owned company Srbijagas, Dusan Bajatovic, and the head of Hungary's MVM CEEnergy Laszlo, Zoltan Fritsch, signed a contract on Tuesday to establish a new joint gas company, SERBHUNGAS.

BELGRADE - After a meeting with Srbijagas Director Dusan Bajatovic, Serbian Minister of Mining and Energy Dubravka Djedovic said a natural gas interconnection with Bulgaria was due to be completed before the start of the next heating season.

Serbia on Jan. 1 said it had begun delivering natural gas to Europe through the TurkStream pipeline and a new route crossing Turkey and Bulgaria.

The 403-kilometer (250 miles) Serbian section was commissioned in a ceremony in Gospodjinci in the municipality of northern Zabalj.

The annual regional business forum is being held at Kopaonik Ski Resort in southwestern Serbia from March 1-4. On it, the director of the state-owned company Srbijagas Dusan Bajatovic revealed details about the Turkish Stream project and the country's gasification after its completion.

The Serbian energy regulator has given final approval for the construction of a branch of the TurkStream pipeline, RT is reporting.

In an interview to the television channel Russia-1, he said the section would be 403 km long, running from the Serbian-Bulgarian border to the Serbian-Hungarian border.

Asked when the construction of the section would begin, Miller responded: "Literally any day now," the Russian news agency reported.

At Thursday's meeting, the Commission decided to include Sremska Mitrovica, in addition to Belgrade, Novi Sad, Nis, Vranje, Kragujevac and Kraljevo, in the first phase of the project, as part of which the building of 200 apartments is planned.

MT KOPAONIK - State-owned companies that are unable to settle their liabilities must go into bankruptcy if no one is interested in buying them, says Fiscal Council member Vladimir Vuckovic.

"The Nitrogen Plant owes money to Srbijagas for gas, and that is about 2-3 bln of new debt a year," Vuckovic said at the Kopaonik Business Forum.