Serbia is set to receive an increase in natural gas supplies from Russia. In addition to its existing supply agreement, which allows for 6.3 million cubic meters per day at a price of €299 per thousand cubic meters based on oil formulas, Serbia will also have access to an additional 5 million cubic meters starting November 3. This additional gas will be priced at €377 per thousand cubic meters, lower than the current market price of €410 per thousand cubic meters as of November 2.
State-owned gas company Srbijagas has been granted special flexibility to withdraw gas volumes from Russia as needed. With the aid of the underground gas storage facility in Banatski Dvor and extra gas stored in Hungary, which was pre-paid and accumulated during the summer, Srbijagas is well-prepared for the winter season ahead.
Dusan Bajatovic, CEO of Srbijagas, assured earlier that Serbia would have sufficient natural gas available, even in the event of several cold spells this winter. He noted that the most challenging issue had been the transportation of gas through TurkStream, particularly in light of Ukraine’s decision not to extend its gas transit agreement with Russia, which expires at the end of 2024. However, Bajatovic stated that both Srbijagas and Gazprom have successfully navigated this challenge.
