Financial and business news from Bulgaria

Vucic said how much the gas from the Balkan Stream will cost at the entrance from Bulgaria

Serbian President Aleksandar Vucic announced that the price of gas from the Balkan Stream sequel through the Balkans to Serbia would be $155 per 1,000 cubic metres at the entrance from Bulgaria.
Serbian state-owned company Srbijagas Director Dusan Bajatovic said yesterday that Serbia had received the first 140,000 cubic meters of gas from the connecting pipeline with Bulgaria, which is actually a continuation of the Turkish Stream pipeline through the Balkan countries.

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In his words, the gas price for Serbia from 1 January will decrease from 240 to 155 dollar in the first two quarters of 2021.

"The price of gas in (transmission and reception point with Bulgaria, b. p.) Bregovo will be $155 per 1000 cubic meters, another 12-14 dollars will cost transport through our territory, "the Serbian president said on Pink TV.

In his words, the Serbian side will also benefit from gas transit. Vucic confirmed that the commissioning of the Serbian section of the pipeline, with his participation, would take place at 6am on January 1st, because “then the supply of a commercial volume of gas will begin”.

Serbia's head of state noted that earlier during gas supply talks with representatives of Russia and the US, he candidly stated that Belgrade is interested in quality gas “and above all, low price”.

"You should not offer us (gas, b.) at a price of 600 dollars,” Vucic stressed.

According to national company data, 13.88 billion cubic metres of gas per year will pass through Serbia. At the end of December 2019, the laying of the pipes of the Serbian pipeline along all 402 kilometers from the Bulgarian border to Hungary was completed.

“ Turkish Stream” is a pipeline from Russia to Turkey via the Black Sea. The project capacity of the facility is 31.5 billion cubic meters of gas per year. Commercial deliveries on the pipeline began on January 1, 2020.