GAZPROM - SERBIA COOPERATION

GAZPROM - October 3, 2018, working meetings of Alexey Miller, Chairman of the Gazprom Management Committee, with Ivica Dacic, First Deputy Prime Minister and Minister of Foreign Affairs of the Republic of Serbia, and Aleksandar Antic, Minister of Mining and Energy of the Republic of Serbia, took place in Moscow as part of the International Forum 'Russian Energy Week.'

The parties pointed to the high efficiency of the bilateral cooperation in the gas industry, emphasizing, inter alia, the reliability of gas supplies, the amount of which had increased by 41 per cent from 2014 to 2017. In the first nine months of 2018, Gazprom had exported 1.5 billion cubic meters of gas to Serbia, a 2.9 per cent rise against the same period of 2017.

Special attention was paid to the expansion of the Serbian gas transmission system for further strengthening the reliability of gas deliveries in the region.

The parties also addressed the current and future cooperation in underground gas storage, power generation, science and technology.

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Background

Gazprom's main partner in Serbia is Srbijagas, a state-owned company focused on gas transportation, storage and distribution in Serbia.

In 2017, Gazprom supplied Serbia with 2.1 billion cubic meters of gas, a 21.2 per cent rise from 2016 (1.75 billion cubic meters).

On December 19, 2017, the Addendum was signed to the long-term contract between Gazprom Export, Yugorosgaz and Srbijagas for natural gas deliveries to Serbia. In accordance with the document, the annual amount of supplies was increased from 1.5 billion cubic meters to 2 billion cubic meters starting from 2018.

On June 27, 2017, Gazprom and the Serbian Ministry of Mining and Energy signed the roadmap providing for a number of measures to implement a plan aimed at expanding the Serbian gas transmission system.

On June 3, 2017, Gazprom and Srbijagas inked the Memorandum of Understanding for the expansion of the Banatski Dvor UGS facility.

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Earlier:

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