Dušan Bajatović, General Director of Srbijagas, announced that negotiations with Russia over a new gas supply agreement will resume next week. With the current arrangement set to expire on 31 May, discussions are focused primarily on determining the duration of the new contract.
According to Bajatović, preliminary talks took place during President Aleksandar Vučić’s recent visit to Moscow, covering key elements such as gas pricing, annual delivery capacity, and risk management. He confirmed that the volume of supply—projected at 2.5 billion cubic meters per year—is not in question. Instead, the primary sticking point remains the length of the new agreement, which is expected to last no less than three years, with the long-term goal of securing a deal that extends up to ten years.
A favorable price based on the oil-indexed formula has been agreed upon in principle, though Bajatović did not disclose the exact terms. He emphasized Serbia’s commitment to preserving the interstate nature of the agreement, seeking to continue purchasing natural gas directly from Russia without intermediaries.
Regarding supply stability, Bajatović assured that sufficient quantities have been secured to meet domestic demand. He stated that households will not experience gas price increases, although the industrial sector will need to adjust to updated pricing terms. He also noted that the upcoming contract aims to ensure market stability and avoid speculative pricing scenarios.
The final agreement is expected to be concluded by the end of May.
