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Serbia will collect 200 million euros annually from South Stream

Serbia will collect around 200 million euros annually from the transit fees of the ‘South Stream’ gas pipeline, and the fact that the pipeline route partially passes through its territory will mitigate the problem of gas shortages, stated Ljubomir Aksentijević, an advisor in the Serbian Ministry of Energy, on Friday.

Speaking on the program of Radio Television of Serbia (RTS) on the occasion of the start of construction of the ‘South Stream’ gas pipeline, Aksentijević also pointed out other direct effects on Serbia and its economy. “We will gain direct economic effects. The initiation of such a large investment over 470 kilometers requires significant construction work in which companies from Serbia will certainly participate,” said Aksentijević, estimating that around 2,000 people will be engaged.
The start of construction of the gas pipeline in Serbia will symbolically begin on December 20 with the laying of the foundation stone for a compressor station in Banat, in Vojvodina. In the next three years, the first pipes will be laid, while the work on the section of the route through Serbia should be completely finished in five years.
The advisor in the Ministry of Energy assessed it as unlikely that the gas crisis of 2009, when Serbia completely ran out of gas, could be repeated, reminding that “the crisis arose due to Ukraine, not due to Russia.”

– We were then at the end of a small route, a small local highway, we were not on a highway as we will be now – emphasized Aksentijević in the program RTS on the occasion of the start of construction of the ‘South Stream’ gas pipeline.
The construction of the ‘South Stream’ gas pipeline in the Russian city of Anapa on the Black Sea begins on Friday, and this investment, worth 16 billion euros, is expected to bring energy security to Europe.
A Serbian delegation led by Minister of Energy Zorana Mihajlović also traveled to Russia for the ceremony marking the start of work on the ‘South Stream’.