Srbijagas signs deal with Bosnia's Gas-Res for gas pipeline construction
Serbian state-owned natural gas monopoly Srbijagas said it has signed an agreement with Bosnian natural gas distributor Gas-Res for the construction of a 410 km (255 mile) long gas pipeline connecting the two countries.
The gas pipeline will connect Indjija in northern Serbia to Bosnia's Novi Grad on the northwestern border with Croatia, stretching through the territory of the Serb Republic for some 320 kilometers, Srbijagas said in a press release cited by news portal SeeNews.
The pipeline's annual capacity will be 1.2 billion cubic meters (Bcm). The estimated value of the project is EUR 125 million (USD 149 million), the Serb Republic's public broadcaster RTRS reported.
The pipeline is part of the Balkan Stream project, which is an extension of Gazprom's TurkStream pipeline for the transit of natural gas to Europe. The Serb Republic is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Federation.
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