The Government of the Federation of Bosnia and Herzegovina (FBiH) has announced a planned increase in wholesale natural gas prices, set to take effect on January 1, 2026. The approved adjustment entails a 3.99% rise, elevating the price to €422 per 1,000 cubic meters, up from approximately €406.
This decision, proposed by the Federal Ministry of Trade, is attributed to rising international oil and petroleum benchmarks, alongside an increase in the pricing coefficient from Gazprom Export, the nation’s external gas supplier. The coefficient has seen a nearly 4% uptick compared to the previous quarter, indicating broader market pressures.
In light of escalating gas transportation costs nearing the end of 2025, Energoinvest Sarajevo has opted to absorb an additional expense of around 0.8%. This strategy aims to alleviate financial pressure on both distributors and consumers, including households.
Officials have clarified that this wholesale price adjustment does not automatically translate into higher retail prices for end users. Any alterations will depend on distribution companies’ evaluations and subsequent approvals from relevant regulatory bodies within the Federation. Distributors are tasked with assessing the implications of the new wholesale price before proposing any changes to regulated tariffs.
The wholesale gas price was approximately €443 per 1,000 cubic meters at the beginning of 2024, reflecting a complex pricing environment. In 2025, there were four reductions in prices which helped mitigate cost increases for consumers amid considerable market volatility.
Federal Minister of Energy, Mining and Industry Vedran Lakić emphasized that this adjustment mirrors higher Gazprom export prices that will be applicable in 2026. He highlighted the necessity for diversifying supply routes, pointing to the strategic importance of the planned Southern Gas Interconnection. Lakić also noted that this latest increase is less than cumulative reductions observed over previous billing periods and expressed optimism that it would not significantly impact living standards.
