Serbian President Aleksandar Vucic announced a favorable agreement with Russian President Vladimir Putin regarding the purchase of natural gas. The deal ensures a daily supply of 6 million cubic meters, with pricing based on the oil formula linked to the Dutch exchange (TTF). Currently, the TTF price is set at $440 per 1,000 cubic meters, while Serbia will pay $323.
Additionally, an extra supply of 2 million cubic meters has been arranged for Russian companies operating in Serbia, such as NIS and Petrohemija. An additional 3 million cubic meters will be supplied at a price calculated as 70% of the TTF rate and 30% based on the oil formula.
Vucic indicated that future discussions will focus on establishing a long-term gas supply agreement with Russia, addressing historical issues. He also reported that Serbia currently holds 645 million cubic meters of gas in storage.
