The recent global surge in gas prices has once again highlighted the need for the diversification of supplies. This topic was brought to attention at the eighth Ministerial Meeting of the Southern Gas Corridor Advisory Council, held in Baku, Azerbaijan.
Within the meeting, the Minister of Economy of Republic of North Macedonia, Mr. Kreshnik Bekteshi, and the Minister of Energy of the Republic of Turkey, have agreed to sign a Memorandum of Cooperation in the Field of Energy that will contribute to the provision of reliable, competitive and affordable energy supply. Two Turkish companies are competing to be the company that will build a gas distribution network in the Republic of North Macedonia, through a public-private partnership. This process is at its last stage, and it is expected that the company will be chosen by the end of this year.
Based on shared goals of long-term energy security, security of supply and green energy transition, Mr. Bekteshi also had an informal meeting with the Minister of Energy of the Republic of Bulgaria. As part of the process of deepening economic cooperation between the two neighboring countries, the two ministers exchanged views on the implementation of joint energy projects, primarily on the interconnection gas connection of Petrich and Strumica.
The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.