BELGRADE (Serbia), August 30 (SeeNews) – Serbian energy minister Aleksandar Antic has said the government expects to sign a roadmap with Romania on the construction of the Mokrin-Arad natural gas interconnection project in the short term.
The roadmap will serve to define the steps that need to be made for the construction of the interconnection, Antic said after a meeting with his Romanian counterpart Toma - Florin Petcu, according to a video file posted on the website of Serbian news agency Tanjug on Tuesday.
Serbia has already built the necessary infrastructure in Mokrin which will be a perfect interconnection point, Antic said and added that Romania is a key player in the natural gas sector with its exploration activities and future production in the Black Sea.
The interconnector is expected to have a length of 76 km and a daily capacity of 4 million cubic metres of gas, according to data of Serbian natural gas distributor Srbijagas.
Under the investment plan of Romanian gas transmission company Transgaz [BSE:TGN] by 2025,
The estimated investment in the interconnector will total 43 million euro ($51.4 million), according to the investment plan of Romanian gas transmission company Transgaz [BSE:TGN] for the period to 2025.
Landlocked Serbia imports 82% of the gas it needs from Russia through a pipeline crossing Hungary and Ukraine. The rest comes from domestic sources.
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