|SOUTH-EAST EUROPEAN INDUSTRIAL МARKET » South-East European INDUSTRIAL Мarket - issue 2/2017, June
Serbian energy company NIS opens gas facility near Pozarevac
A new facility of Naftna Industrija Srbije (NIS) for production and wholesale of natural compressed gas was opened on May 23 this year in the gas field Ostrovo near Pozarevac, Serbia. The planned annual capacity is 9000 tons and the investment is worth about EUR 3 265 000.
Alexandar Antic, minister of Mining and Energy, stated that the project would meet the demands of industrial consumers without building transportation infrastructure and also that it is of great ecological importance.
Due to its characteristics, compressed natural gas is considered the energy source of the future, and its main ingredient is methane, which features the lowest coefficient of CO2 emission compared to all other derivatives, contributing thereby to environmental protection as an ecologically clean fuel.
As stated, its usage allows for excellent vehicle performance and is cost-effective. Compressed natural gas is used as an energy-generating product or as a derivative, and it is also used as heating fuel in industry and households and as engine fuel in internal combustion engines.
Tags: NIS Naftna Industrija Srbije gas field