March 15 (SeeNews) - Serbia reserved capacity of 300 million cubic metres (mcm) of liquefied natural gas (LNG) per year at the terminal in the Greek port of Alexandroupolis, the director general at state-owned monopoly Srbijagas, Dusan Bajatovic, said on Wednesday.
“Serbia needs to diversify its sources of gas supply as it requires another one billion cubic metres of gas in order to be completely sure it will meet its needs, in addition to the two billion cubic metres of gas that we currently get from Russia,” Bajatovic told private TV broadcaster Prva.
The Alexandroupolis terminal, which has a total send-out capacity of 5.5 billion cubic metres (bcm) of natural gas, is expected to begin operations by the end of 2023. It will be connected to Greece's National Natural Gas Transmission System with a 28-kilometre pipeline, through which the regasified LNG will flow to the markets of Greece, Bulgaria and the wider Southeast Europe (SEE) region, from potential suppliers including the U.S., Algeria and Qatar. Serbia's eastern neighbour Bulgaria owns a 20% equity share in the terminal at Alexandroupolis and has booked storage capacity of 1 bcm per year.