BELGRADE – TurkStream to pay off in 10 to 12 Years

Serbian President Aleksandar Vučić said Serbia could expect a return on its investment into the TurkStream in 10 to 12 years. After the opening of the natural gas pipeline in Istanbul, Vučić said the project would provide a considerable boost to Serbia’s industry and economy, together with energy security and cheaper fuel.

Vučić said the capacity of the new pipeline would be 13 billion cubic meters, adding that from Serbia it would diverge to Hungary, Bosnia and Herzegovina and other states of the region. He said he expected Serbia to connect to TurkStream in May or September 2020.

The pipeline’s section between Anapa in Russia and Turkey’s Kiyikoy, running under the Black Sea, was opened on 8 January, for which the opening ceremony in Istanbul was attended by the presidents of Russia, Turkey, Bulgaria and Serbia.

Initial gas deliveries to run through the Serbian section are expected in the second half of the year, probably in October, at the start of the next heating season. All pipes to cover the 403-km long leg through Serbia have been installed, and gas meters and a large compressor are yet to be installed in the vicinity of Žabari. (EURACTIV.rs)

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