Serbia is expected to sign a new long-term natural gas agreement with Russian company Gazprom in October, extending the current supply arrangement until the end of that month.
Srbijagas director Dušan Bajatović said the existing contract will remain valid under the same terms, including the oil-indexed pricing formula and additional supply volumes. He assured that household gas prices will not rise, noting that Srbijagas will cover any cost differences if wholesale prices for distributors increase.
Bajatović acknowledged that upcoming European Commission sanctions against Moscow and Russian companies could affect the deal, but stressed that gas delivered through the TurkStream pipeline is unlikely to be impacted. Serbia currently secures up to 2.5 million cubic meters of gas per day from Azerbaijan and around 9.5 million cubic meters per day from Russia, supported by reserves stored at the Banatski Dvor facility.
Banatski Dvor has a storage capacity of 780 million cubic meters, shared equally between Serbian and Russian ownership. In addition, Serbia holds 200 million cubic meters of reserves in Hungary. Domestic storage is now more than 90 percent full, while European reserves exceed 80 percent.
Bajatović warned that tight market conditions could push prices higher, but pointed out that Serbia benefits from a confidentiality clause that ensures more favorable pricing compared to other European markets. He underlined that current reserves are sufficient to meet demand for at least three months, and up to five months when combined with supplies from Hungary and Azerbaijan. However, he noted that the withdrawal rate from Banatski Dvor is limited to 5–6 million cubic meters per day, which reduces flexibility.
