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Bulgartransgaz and Transportgas Srbija sign interconnection agreement

The Bulgarian gas transmission operator Bulgartransgaz and the operator of the gas transmission system of the Republic of Serbia Transportgas Srbija signed an Interconnection Agreement for the new point Kalotina/Dimitrovgrad, which is created by the Interconnection Bulgaria – Serbia (IBS).

“The capacity of IP Kalotina/Dimitrovgrad is 1.8 billion cubic metres per year (bcm/year) with the possibility for a reverse flow,” said the Executive Director of Bulgartransgaz, Vladimir Malinov. “The efforts of Bulgartransgaz to improve the interconnectivity with the neighbouring countries and to ensure access to diverse gas sources from reliable sources, including liquefied natural gas from the terminal in Alexandroupolis are important for the entire region.”

“The signing of the Interconnection Agreement for the IP Kalotina/Dimitrovgrad is yet another step to the better integration of the energy markets and deepening of the energy and economic cooperation between the two countries”, Mr Malinov added. “I am convinced that the access along this route to gas from alternative sources, such as Azerbaijan and the LNG terminals and the trading platform of Balkan Gas Hub that ensures the connectivity to the network of Bulgartransgaz will be positively assessed by the users in Serbia.”

Thanks to the IBS, Bulgaria will get access to gas sources from Western Europe along a new route and Serbia to LNG terminals and other alternative sources in the region.

As part of the priority projects for Europe, the Interconnection Bulgaria – Serbia has been acknowledged to be a key infrastructure that will contribute significantly to the improvement of the energy interconnectivity. Under the Connecting Europe Facility, the project received funding in the amount of 28 million euros as well as 2,8 million euros under the Operational Programme Innovation and Competitiveness.

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