Author:
Tanjug
The underground gas storage in Banatski Dvor confirms that Serbia was right to form a strategic partnership with Gazprom and has potential to become an important energy hub in Southeast Europe, the President said.
Stressing the importance of energy storage facilities, he recalled the problems businesses and households in Serbia experienced several years ago when delivery of Russian gas was blocked.
We suffered damages because we did not have full gas storage capacities at the time – now we have them, he said.
Miller announced that the construction of South Stream will start in 2013 and will be completed by end-2015, adding that there will be no postponement.
Banatski Dvor can hold 450 million cubic metres and will ensure an uninterrupted energy supply in Serbia by storing natural gas delivered from Russia.
Cooperation of Gazprom and Srbijagas on the construction of the facility is based on an interstate agreement on cooperation in the oil and gas industry, signed in 2008, while the joint project deal dates back to October 2009.
Gazprom has a 51% share in the joint company Banatski Dvor Joint Venture, and Srbijagas 49%.