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A service for global professionals · Tuesday, April 23, 2024 · 705,968,254 Articles · 3+ Million Readers

Demand for Russian gas still on rise in Serbia

Background

Gazprom’s main partner in Serbia is Srbijagas, a state-owned company focused on gas transportation, storage and distribution in Serbia.

In 2017, Gazprom supplied to Serbia 2.1 billion cubic meters of gas, a 21.2 per cent rise from 2016 (1.75 billion cubic meters).

On June 27, 2017, Gazprom and the Serbian Ministry of Mining and Energy signed the roadmap providing for a number of measures to implement a plan aimed at expanding the Serbian gas transmission system.

On June 3, 2017, Gazprom and Srbijagas inked the Memorandum of Understanding to conduct the technical and financial feasibility studies for the expansion of the Banatski Dvor UGS facility.

TurkStream is the project for a gas pipeline stretching across the Black Sea from Russia to Turkey and further to Turkey's border with neighboring countries. The first string of TurkStream is intended for Turkish consumers, while the second string will deliver gas to southern and southeastern Europe.

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