BAKU, Azerbaijan, Dec.21
By Leman Zeynalova – Trend:
North Macedonia will start the construction of a cross-border natural gas interconnector with Greece at the beginning of 2022, North Macedonia's economy minister Kreshnik Bekteshi wrote on Facebook, Trend reports.
Bekteshi noted that North Macedonia's state-owned company National Energy Resources (NER) will sign a contract with the European Investment Bank (EIB) for a 28.9 million euro ($32.6 million) loan to cover part of the costs for the project.
“With the construction of this interconnector, we will increase the competitiveness of the country in the field of natural gas, and it will certainly mean more competitive energy prices for citizens and businesses,” the minister wrote.
North Macedonia through the gas Interconnection between The Republic of North Macedonia and Republic of Greece will have access to Azerbaijani gas. This project at the last Ministerial Meeting of the Energy Community was selected as a Project of Common Interest for 2020. It aims at gas connection of the country with Greece and the Southern Gas Corridor in order to supply the country with natural gas from diversified sources of supply and, inter alia, from the gas fields in Azerbaijan.
The Southern Gas Corridor, which is comprised of Shah Deniz 2, the South Caucasus Pipeline Expansion, the Trans Anatolian Natural Gas Pipeline (TANAP), and the Trans Adriatic Pipeline (TAP) became fully operational on December 31, 2020.
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