It was announced earlier that Serbia’s revenues from gas transit through the expansion of TurkStream gas pipeline could reach 185 million dollars per year. At the same time, transit volumes will amount to 13 billion cubic meters of gas, of which 3 billion will be intended for Serbian needs, while the rest will be transported to Hungary, Bosnia and Herzegovina and Kosovo.
Serbia will not diversify its gas imports if it means that it will have to import more expensive gas, Serbian President Aleksandar Vucic said after an agreement recently signed by the United States, Serbia and Kosovo.
Namely, one of the signed documents says that Serbia needs to diversify its energy sources, but there are no obligations what kind of energy it needs to import, nor from whom its will import that energy. In other words, Serbia did not agree that someone is telling it that it should buy more expensive gas, compared to gas already imported from Russia. The Serbian President clarified that the agreement only has a provision that implies a general diversification of energy resources.
In December 2019, Serbia completed the construction of its section of the pipeline. For now, Russian gas via second leg of TurkStream is supplied to Greece, Bulgaria and Northern Macedonia, and in order to enable the transit of that gas through Serbia, Bulgaria must complete the construction of its section of the pipeline, which is expected by the end of the year.
