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Serbia has possibility to import 1 bcm of Azerbaijani gas annually from 2027 – Dubravka Djedovic Handanovic (Exclusive interview)

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BAKU, Azerbaijan, November 21. Starting from
2027, Serbia has the possibility of provide of one billion cubic
meters of gas annually from Azerbaijan, Minister of Mining and
Energy of the Republic of Serbia, Dubravka Djedovic Handanovic mentioned
in an unique interview with Trend.

“Serbia and Azerbaijan have established strategic cooperation,
owing to the pleasant relations and mutual respect between
President Aleksandar Vučić and President Ilham Aliyev. By signing
the Memorandum of Understanding between the related ministries, we
have expanded bilateral cooperation between Serbia and Azerbaijan
in vitality and ensured the availability of gas from this nation within the
quantity of up to 400 million cubic meters of gas per yr till
2026. Moreover, beginning from 2027, we’ve got the possibility of
provide of one billion cubic meters of gas annually from Azerbaijan.
After finishing the Balkan Stream gas pipeline, which enhanced
safety and opened a brand new route of provide, we are actually reaching the
strategic objective of diversifying suppliers and additional strengthening
our place as a transit nation for gas provides to Central
European international locations. We anticipate the completion of the Serbia-Bulgaria
gas interconnection within the coming days, which is able to fulfil the
infrastructural conditions for a brand new supply of gas provide,” mentioned
the minister.

Dubravka Djedovic Handanovic famous that the memorandum additionally
opens further alternatives for cooperation between the 2
international locations, involving the supply of liquefied pure gas by means of
LNG terminals in Türkiye and Greece, in addition to potential
cooperation on growing capacities for developing gas energy
crops and gas storage amenities.

“All projections present that Serbia’s demand for pure gas will
develop on this decade. The whole consumption of gas is predicted to
improve from round three billion cubic meters of gas in 2022 to
roughly 4 billion cubic meters by 2030. The Memorandum and
contract signed as we speak allow us to anticipate bigger volumes of gas
and extra suppliers, making certain better safety within the provide of our
residents and the financial system. Additionally, following the completion of
the gas interconnector to Bulgaria, we’re planning new
interconnections, primarily with North Macedonia,” mentioned the
minister.

Cooperation on renewables

She identified that in accordance to the Plan for the Development
of Energy Infrastructure and Energy Efficiency Measures till 2028
with projections till 2030, adopted by the Government of Serbia in
June, it’s deliberate to improve capacities from photo voltaic vitality and
wind vitality by 3.4 GW of put in energy by 2030.

“This yr, the Law on Renewable Energy Sources has been amended
and the regulatory framework has been finalized, which enabled us
to conduct the biggest auctions carried out without delay for the
allocation of market premiums for renewable vitality sources within the
Western Balkans area. The public sale outcomes point out that within the
subsequent few years, there will likely be 9 new inexperienced energy crops with a
capability of 700 MW (of which 425 MW is within the incentive system).
According to projections, the state will earn 12-28 million euros
annually. By altering laws, we’ve got created a good
funding surroundings, as evident within the participation of
respected firms from the EU, UAE, Israel, in addition to home
traders within the first auctions. A 3-yr public sale plan was additionally
adopted, which is predicted to grant incentives for 1300 MW, whereas
the following auctions are set to start by the center of subsequent yr.
Decarbonisation and reaching carbon neutrality by 2050, i.e. the
most discount of the unfavorable impression of vitality on the local weather
is a shared job and objective for all international locations. It is one of the areas
by which we are able to deepen our cooperation with Azerbaijan,” mentioned
Dubravka Djedovic Handanovic.

Follow the creator on X: @Lyaman_Zeyn

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