Serbia hopes South Stream construction will bring jobs

12 July 2013
By Tereza Pultarova
Mobile version
Share |
Serbia hopes South Stream will kick-start the country's economic recovery

Serbia hopes South Stream will kick-start the country's economic recovery

Serbia’s Prime Minister Ivica Dacic has confirmed the South Stream natural gas pipeline is the country’s utmost priority and voiced hopes the venture will boost Serbia’s economy.

Construction of the pipeline, expected to reach Serbia in December this year, has a widespread support in the Balkan country with 73 per cent of Serbians supporting the construction in a recent poll.

Speaking at a conference in Bulgaria’s capital Sofia, organised by Natural Gas Europe, Dacic said the South Stream pipeline is Serbia’s key objective and will help to contribute to Serbia's ambitions to become a regional energy hub.

South Stream, bringing natural gas from Russia across the Black Sea to Bulgarian Varna and then further through Serbia, Hungary and Slovenia to Italy and Austria, is competing with the Nabucco Pipeline, foreseen to go through Turkey to central Europe.

The project, officially launched in December 2012, will eventually span 2,446 km.  

Dacic said South Stream is the most significant international project Serbia is currently involved in. "It will be key to the country's economic development, ensuring job creation, and energy security for the region,” he said while reassuring the country will take all necessary measures to ensure maximum environment protection.

Serbia, ravaged in the 1990s during the Yugoslavian conflict, believes the construction might help kick-start the much needed economic recovery. "We used to say energy for democracy. Today I can say that means we need energy for the industrial and economic rejuvenation of our regions and our country,” said Zorana Mihajlovic, Serbian Minister of Energy. “Without new infrastructure projects, it is not possible to expect economic recovery, or an influx of foreign direct investment."

Mihajlovic has further outlined Serbia’s aspirations to build new gas plants, which, the country believes, will create about 1000 jobs and bring €400m annual revenues in electricity exports. “We expect that the construction of South Stream will enable us to decrease natural gas prices in the Serbian market, which will further encourage development," she said.

Latest Issue

E&T cover image 1607

"As the dust settles after the referendum result, we consider what happens next. We also look forward to an international summer of sport."

E&T jobs

  • Chair in Integrated Sensor Technology

    The University of Edinburgh
    • Edinburgh, City of Edinburgh

    The University of Edinburgh is one of the world’s top 20 institutions of higher education.....

    • Recruiter: The University of Edinburgh

    Apply for this job

  • Principal Electrical Engineer - Power

    BAE Systems
    • Bristol, England / Cumbria, Barrow-In-Furness, England
    • Negotiable

    Principal Electrical Engineer - Power Join our Electrical Power team and help design the self-contained generation and distribution system for the Successor submarine - a new generation of submarine designed to carry the UK's independent nuclear deterrent

    • Recruiter: BAE Systems

    Apply for this job

  • Operations Supervisor (Mechanical/Electrical/Instrumentation)

    National Grid
    • England, Cambridgeshire
    • £33000 - £39000 per annum

    Operations Supervisor - (Mechanical/Electrical/Instrumentation) Salary: Circa £33k - 39k dependant on experience + vehicle and great additional benefits (share scheme, pension, potential bonus).Location: Wisbech - Cambridgeshire We currently have an excit

    • Recruiter: National Grid

    Apply for this job

  • Lead NDT Trainer

    BAE Systems
    • England, Lancashire
    • Competitive package

    Would you like to be involved with training UK and international teams in Non Destructive Inspection (NDI) to support the in service fleet (Typhoon Tornado, and Hawk)?

    • Recruiter: BAE Systems

    Apply for this job

  • Systems Design - Emerging Portfolio

    • Bristol
    • Competitive Salary & Benefits

    What?s the opportunity?   There are fantastic opportunities in Systems Design for engineers to work within Future Systems. These are highly visible, fast paced roles, in...

    • Recruiter: MBDA

    Apply for this job

  • Metering Engineer

    Department for Business, Innovation and Skills
    • Teddington, United Kingdom
    • £24,109 - £27,961 plus EO Electronics PE of £8,090.00

    We are now looking for a Metering Engineer to deliver RD’s In-Service Testing (IST) scheme for gas and electricity meters.

    • Recruiter: Department for Business, Innovation and Skills

    Apply for this job

  • Head of Operational Estates

    Premium job

    The Shrewsbury and Telford Hospital NHS Trust
    • Shrewsbury, Shropshire
    • £46,625 to £57,640 per annum

    As an experienced Estates Manager, you will play a key role in helping to shape the future of the Estates service.

    • Recruiter: The Shrewsbury and Telford Hospital NHS Trust

    Apply for this job

  • Engineering Project Manager - Electrical & Automation

    • York, North Yorkshire
    • c£45,000 + Car Allowance + Bonus + Excellent Benefits

    Nestlé Product Technology Centre in York currently has an excellent opportunity for an Engineering Project Manager

    • Recruiter: Nestle

    Apply for this job

  • Assistant Professor (Tenure Track) of Smart Building Solutions

    Premium job

    ETH Zurich
    • Zurich, Canton of Zürich (CH)

    The successful candidate is expected to develop a strong and visible research programme in the area of control and diagnostics of building systems

    • Recruiter: ETH Zurich

    Apply for this job

  • Process Controls Leader

    Premium job

    Phillips 66
    • Humber Refinery, South Killingholme, North Lincolnshire DN40 3DW
    • £60k - 75k plus extensive Compensation and benefits package, dependent upon experience

    Experienced Process Control Leader providing leadership and technical support for Oil Refinery. Extensive Compensation and benefits package.

    • Recruiter: Phillips 66

    Apply for this job

More jobs ▶


Choose the way you would like to access the latest news and developments in your field.

Subscribe to E&T