Russian Gas Supply to Serbia Up 23.6%

Russian gas deliveries to Serbia grew by 23.6 per cent to 1.7 billion cubic meters according to preliminary figures for 2015. This was noted during a meeting between between Alexey Miller, Chairman of the Company's Management Committee and Slavenko Terziс, Ambassador Extraordinary and Plenipotentiary of the Republic of Serbia to the Russian Federation. The meeting took place at the Gazprom headquarters yesterday.

During the meeting special attention was given to the efficient functioning of the Banatski Dvor underground gas storage (UGS) facility and its role in securing a reliable supply of Russian gas to consumers in Serbia, Hungary, and Bosnia and Herzegovina. It was highlighted that the UGS facility with a working gas capacity of 450 million cubic meters was 100 per cent full by the 2015–2016 autumn/winter period.

The parties also addressed the prospects of expanding the UGS facility pursuant to the Memorandum of Understanding between Gazprom and Srbijagas signed in 2015.

On October 28, 2015 Gazprom and Srbijagas signed a Memorandum of Understanding, which reflects the parties' intent to consider the ways for promoting the cooperation in underground gas storage, NGV sector and small-scale LNG shipments, inter alia, within sci-tech projects.

In 2013 a long-term contract was inked for Russian gas supply to Serbia for a period of 10 years.