The fact that the Public Company „Srbijagas“ is a minority owner in the new joint Serbian-Hungarian company MVM with 49 percent ownership (just like in the case of the Banatski Dvor underground warehouse), was received by part of the public in Serbia with surprise. So much so that before the decision to store part of the gas with the Hungarian partner, all those who contributed to the fact that the only underground storage facility Banatski Dvor in Serbia should not be in Serbian, but majority Russian ownership, were criticized.
When asked to explain whether it had to be like that and why, the Ministry of Energy replied to “Politika” that “Srbijagas already supplies the largest part of the market in Serbia and from that aspect there is no need for it to have a majority share”.
Both companies invest the basic capital (monetary contributions in proportion to the participation in the capital, whereby the founding contribution is 200,000 euros), and decisions will be made jointly. The company is established in the legal form of a limited liability company with headquarters in Novi Sad.
The agreement between “Srbijagas” and the Hungarian company MVM implies the establishment of this joint venture with the aim of improving supply and achieving a better price for our citizens and the economy, and that the ownership ratio is 49 percent “Srbijagas”, 51 percent MVM – they state in the answer.
