Don’t miss the latest developments in business and finance.

Bulgaria, Serbia to build reverse gas link by 2017

Image
IANS Sofia
Last Updated : Oct 01 2013 | 3:30 AM IST

Bulgaria and Serbia would build a reverse gas interconnector by 2017, Bulgarian Minister for Economy and Energy Dragomir Stoynev said Monday.

The minister said it during a press conference after meeting with his Serbian counterpart Zorana Mihajlovic.

Currently, Bulgaria relies on Russia for 96 percent of its gas needs through a single pipeline.

The minister said the reverse gas link would provide security of the natural gas supplies for both Bulgaria and Serbia.

Serbia approximates such a link between the two countries could be completed by the end of 2016, the minister said.

In 2014, Bulgaria was able to put into operation a gas interconnector with Romania.

Also Read

First Published: Oct 01 2013 | 3:24 AM IST

Next Story