EBRD mulls 98.6 mln euro loan for nat gas project in N. Macedonia

The loan would be used for the construction of a natural gas interconnection pipeline with Greece and transmission pipelines connecting Gostivar to Kicevo and Sveti Nikole to Veles, the EBRD said in a project summary document on Monday.

The total cost of the project is 140.2 million euro.

The project, fully hydrogen-ready, promotes the diversification of gas supply to North Macedonia through the Trans Adriatic Pipeline and Greek LNG terminals, with the potential to also supply neighboring Serbia.

In 2021, the governments of North Macedonia and Greece signed an agreement for the construction of a cross-border natural gas interconnector.

North Macedonia does not have natural gas deposits and relies on imports from Russia transited through Bulgaria under a gas supply contract with Gazprom that will expire in 2030.

($ = 0.928 euro)