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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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After today's telephone conversation with the President of the Russian Federation, Vladimir Putin, the President of Serbia, Aleksandar Vučić, announced that we have received another three-month extension of the gas contract on very favorable terms and "thanked him for that".
·Belgrade, Serbia
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Russia will continue to supply Serbia with gas in the next three months, Serbian President Aleksandar Vucic reported Monday.
Coverage Details
Total News Sources20
Leaning Left3Leaning Right3Center4Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 30%
C 40%
R 30%
Factuality
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