November 11, 2024
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Serbia and North Macedonia sign Memorandum for joint gas pipeline construction

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Serbian Prime Minister Miloš Vučević announced that following a meeting with North Macedonian counterpart Hristijan Mickoski, the two governments have signed a Memorandum to jointly construct a 70-kilometer gas pipeline. This pipeline will have an annual capacity of 14 billion cubic meters.

PM Vučević explained that the project aims to provide Serbia with an additional natural gas supply line through North Macedonia, sourcing from the newly commissioned LNG terminal in Alexandroupoli, Greece. He emphasized Serbia’s strategic decision to diversify its gas supply sources, thereby attracting more partners interested in collaborating in the energy sector. This initiative is expected to enhance the country’s energy stability.

He highlighted the significance of gas for Serbia’s electricity production, the operations of foreign investors within the country’s industrial sector, and the supply to households.

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Additionally, PM Mickoski proposed the construction of an oil pipeline alongside the gas interconnection, which would create a new oil supply route for Serbia. PM Vučević underscored the importance of addressing climate change and aligning with the European Union’s green agenda, while ensuring that the Western Balkans maintains its economic and energy potential.

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