Serbia has officially launched the long-awaited expansion of its only gas storage facility in Banatski Dvor, a critical project aimed at addressing the rising industrial demand for gas and the growing number of households joining the gas network.
The expansion will double the current storage capacity, adding 12 new boreholes. Equipment procurement is already secured, with the project being led by the stakeholders, Srbijagas and Russian Gazprom.
Valued at 145 million euros, the expansion will increase the facility’s storage capacity to 750 million cubic meters. Up until now, Serbia has relied on the Banatski Dvor facility along with additional storage capacities in Hungary. Once completed, this expansion will significantly improve the country’s gas reserves, providing greater security and flexibility in managing unexpected disruptions. The project is expected to be finished by the end of 2026. NIS will oversee the drilling operations, while equipment installation will involve collaboration with Russian, European, and US companies.
In addition to receiving a stable supply of Russian gas through the Balkan Stream, Serbia is also importing gas from Azerbaijan. The country is focused on diversifying its gas supply sources, having already completed the interconnection with Bulgaria. Future plans include extending pipeline links with North Macedonia and Romania, as well as developing further gas storage infrastructure.
As gas demand remains high across Europe, gas prices continue to stay elevated, even as oil prices decline. EU countries are already making preparations to replenish their storage facilities in anticipation of the next winter season, starting later this month.
