Romania: Electricity consumption slightly...

According to data from the National Institute for Statistics (INS), electricity consumption in...

Greece: PPC advances major...

The PPC Group is accelerating renewable energy projects in northern Greece, focusing on...

Greece: Natural gas demand...

The Greek natural gas transmission system operator DESFA reported that total natural gas...

Bosnia and Herzegovina: RS...

The Ministry of Energy and Mining of the Republic of Srpska (RS) has...
Supported byClarion Energy
HomeNews Serbia EnergySerbia: There is...

Serbia: There is enough gas, if there is a price increase, it will not be higher than 10 percent

Serbia has sufficient quantities of gas for the next period, and if there is another increase in the price of that energy this year, it will certainly not be higher than 10 percent, said the general director of Public Enterprise Srbijagas Dušan Bajatović.

He said that Serbia currently has more than half the required amount of gas for the heating season and emphasized that Serbia is safe in this regard.

“We took all the steps to ensure enough gas. When you have more choices, that is, when you increase the number of those who can sell you gas and when you are in a good financial position, you have reduced the risks of running out of that energy source,” said Bajatović.

He reminded that Serbia has a long-term contract signed according to the oil formula, which is at the lowest possible price imaginable and was agreed upon by the presidents of Serbia and Russia, Aleksandar Vučić and Vladimir Putin.

“If we calculate that in average conditions we need about 1.6 billion cubic meters of gas for the heating season, we have already secured and have in reserve about 50 percent of the gas in the warehouse,” said Bajatović.

He added that his estimate is that by 2030, Serbia will be at the level of annual gas consumption of 4.7 billion cubic meters, and by 2035 at the level of 7.2 billion cubic meters, while now that consumption is somewhere around three billion.

“Consumers also have to pay something”

When asked whether the price of gas will rise, Bajatović said that the Minister of Mining and Energy, Dubravka Đedović, recently announced that commitments to increase the price of gas had been taken.
“We monitor the prices and the price increases will be in line with what is happening on the market. The price increase will certainly not be higher than 10 percent,” said the director of Srbijagas.

According to him, it cost 1.4 billion euros in the previous period to provide gas for heating to households, hospitals, and schools.

“Not all the money was given by the state, but Srbijagas also took on debt,” he said and added that everything is transparent and that it is known to the last penny how much money the state gave in which period, and this was confirmed by the International Monetary Fund. Bajatović said that all costs must not be transferred to the state and Srbijagas and that consumers must pay something.

“The essence of the reform of energy companies is that they should be at the level of the best energy companies in the world, but then salaries must also be at the level of those companies. The reform should be strong corporatization of JP,” said Bajatović and emphasized that management should be asked for results and there should be “less political influence”.

Speaking about the extraordinary elections, Bajatović said that the Socialist Party of Serbia (SPS) is always ready for elections and has never run away from them.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Serbia: Fuel retailers ramp up imports to counter NIS sanctions and strengthen market resilience

Fuel retailers in Serbia have significantly increased petroleum product imports to counter the effects of sanctions on the national oil company NIS. Tomislav Micovic, Secretary General of the Association of Oil Companies of Serbia, stated that companies had prepared...

Region: Hungary’s MOL to boost oil supplies to Serbia amid U.S. sanctions

Hungarian Foreign Minister Peter Szijjarto announced that MOL will increase crude oil and fuel supplies to Serbia following U.S. sanctions on the Serbian oil sector. He emphasized that MOL’s key role in Serbia’s supply chain ensures additional deliveries, though...

Expert critiques 2008 NIS privatization as major undervaluation, highlights lost strategic opportunities for Serbia

Professor Dragan Djuricin from the Faculty of Economics in Belgrade criticized the 2008 privatization of Serbia’s oil company NIS, calling it a significant undervaluation of one of the country’s most strategic assets. Djuricin noted that Deloitte, hired by the Serbian...
Supported byVirtu Energy
error: Content is protected !!