Serbia expects to extend its gas supply arrangement with Gazprom beyond September 30 while Russian deliveries continue. President Aleksandar Vučić said after a call with Russian President Vladimir Putin that an annex should be signed shortly. The extension’s duration, volumes and pricing formula have not been disclosed.
Vučić said Serbia’s current purchase price is about €318 per 1,000 cubic metres, compared with a market benchmark of approximately €868. Serbia consumes about 3 billion cubic metres of gas annually. Its original 2022 Gazprom agreement covered up to 2.2 billion cubic metres a year.
Gas contract timeline and supply routes
The three-year contract expired in May 2025 and has since been kept in place through shorter extensions. An arrangement agreed in June 2026 is among the interim arrangements referenced by Vučić. Most Russian deliveries arrive via TurkStream and Bulgaria.
Serbia has also added Azerbaijani supplies through its Bulgarian interconnector. The country’s gas procurement therefore includes both Russian volumes under the Gazprom arrangement and additional supplies linked to Azerbaijan. Negotiations with Moscow have continued alongside these supply flows.
NIS sanctions waiver talks ahead of September 30
Talks with Moscow covered NIS, Serbia’s only oil refiner. NIS has requested another US sanctions waiver beyond the expiry of its current licence on September 30. Vučić described the NIS issue as more difficult than the gas negotiations.
The refinery’s operating position remained unresolved even as a gas extension was expected.
