Gazprom Export and Srbijagas sign Memorandum to expand Banatski Dvor UGS facility

RELEASE

Elena Burmistrova, Director General of Gazprom Export, and Dusan Bajatovic, Director General of Srbijagas, signed today at the St. Petersburg International Economic Forum 2017 a Memorandum of Understanding.

The document provides for the preparation of the technical and financial feasibility studies for the expansion of the Banatski Dvor UGS facility. As a result, the facility's working gas capacity could be increased from 450 to 750 million cubic meters.

Gas transmission in Serbia
Gas transmission in Serbia

Gas transmission in Serbia

Background

State-owned Srbijagas is focused on gas transportation, storage and distribution in Serbia.

Serbia's Banatski Dvor UGS facility (Gazprom – 51 per cent, Srbijagas – 49 per cent) has the maximum gas deliverability of 5 million cubic meters per day.

In 2015, Gazprom and Srbijagas signed a Memorandum of Understanding, which reflects the parties' intent to consider the possible ways of promoting cooperation in the areas of underground gas storage, use of gas as a vehicle fuel, and small-scale LNG, including as part of scientific & technical cooperation. Pursuant to the Memorandum, the parties agreed to address the possibility of expanding the Banatski Dvor UGS facility.

In 2016, Gazprom delivered 1.75 billion cubic meters of gas to Serbia, which was 4.3 per cent more than in 2015.

 

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