Expansion of Banatski Dvor Gas Storage Begins: A €145 Million Investment
Serbia embarks on a significant gas storage project aimed at enhancing energy security.
BELGRADE: The expansion of the Banatski Dvor gas storage facility has commenced, featuring an investment valued at €145 million.
Dubravka Đedović Handanović, the Minister of Mining and Energy in a technical mandate, acknowledged the project's importance, attributing its initiation to the efforts of the Serbian government and Russian partners.
The project involves drilling the first necessary boreholes in designated fields, marking the long-anticipated realization of this initiative, which is expected to be completed by 2026. It aims to augment the storage capacity to 750 million cubic meters of gas.
Currently, Serbia stores gas in the existing facilities at Banatski Dvor and in Hungary.
The implementation of this investment is projected to elevate the level of gas reserves within Serbia.
This development is positioned to enhance Serbia's ability to respond to unforeseen circumstances associated with gas supply disruptions.
Furthermore, the government aims to diversify gas supply sources, a strategy that has already been advanced with the completion of an interconnection between Serbia and Bulgaria, with future plans to extend connections with North Macedonia and Romania.
According to Minister Đedović Handanović, the project for additional gas storage will significantly upgrade Serbia's energy security framework regarding natural gas.
Dubravka Đedović Handanović, the Minister of Mining and Energy in a technical mandate, acknowledged the project's importance, attributing its initiation to the efforts of the Serbian government and Russian partners.
The project involves drilling the first necessary boreholes in designated fields, marking the long-anticipated realization of this initiative, which is expected to be completed by 2026. It aims to augment the storage capacity to 750 million cubic meters of gas.
Currently, Serbia stores gas in the existing facilities at Banatski Dvor and in Hungary.
The implementation of this investment is projected to elevate the level of gas reserves within Serbia.
This development is positioned to enhance Serbia's ability to respond to unforeseen circumstances associated with gas supply disruptions.
Furthermore, the government aims to diversify gas supply sources, a strategy that has already been advanced with the completion of an interconnection between Serbia and Bulgaria, with future plans to extend connections with North Macedonia and Romania.
According to Minister Đedović Handanović, the project for additional gas storage will significantly upgrade Serbia's energy security framework regarding natural gas.
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