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Serbia Secures Gas Import Deal with Russia, Serbia's Vucic Says
Serbia extends Russian gas imports for three months at $320-$330 per 1,000 cubic meters, indexed to crude oil, covering 90% of its needs, officials said.
- On Monday, Serbian President Aleksandar Vucic announced Serbia secured a three-month extension for Russian gas imports following talks with Russian President Vladimir Putin.
- Serbia remains heavily dependent on Russian energy, which currently covers 90% of its needs, though the country is actively seeking to diversify its supply sources.
- The agreement allows Serbia to import up to 6 million cubic meters of gas daily at $320 to $330 per 1,000 cubic meters, with Vucic noting prices will be indexed to crude oil benchmarks.
- To reduce dependency, the Balkan nation is exploring imports from Azerbaijan and liquefied natural gas from Greek terminals, while joining a communal gas-buying initiative targeting about 20% of its needs.
- European energy capacity remains tight due to the ongoing Iran war, limiting spare supply; consequently, Serbia continues managing its energy security through storage facilities in neighboring Hungary and domestic depots.
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Serbia secures three-month gas deal extension with Russia as U.S.-Iran tensions escalate in Persian Gulf
Serbian President Aleksandar Vučić has announced he held a phone call with Russian President Vladimir Putin, revealing that Moscow has extended its gas agreement with Serbia for another three months. Vučić’s remarks were reported Monday, March 30, by B92.net. “I expressed my gratitude to President Putin for granting us a three-month extension of the contract on highly favorable terms,” said Vučić, explaining that he discussed a variety of econom…
Russia will continue to supply Serbia with gas in the next three months, Serbian President Aleksandar Vucic reported Monday.
Coverage Details
Total News Sources19
Leaning Left2Leaning Right3Center4Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 22%
C 45%
R 33%
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