Лента.ру23 hours agoEnergy1 min readRussia

Russia extended the contract for gas supplies to Serbia

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Russia extended the contract for gas supplies to Serbia on the same terms for three months.
An agreement was reached after discussing the issue between the leaders of the two countries.
Serbia is counting on a preferential price of 318 euros per thousand cubic meters.

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Why It Matters

Serbia seeks to maintain access to Russian gas at prices well below market prices.

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Russia has extended the contract for the supply of gas to Serbia on the same terms. This was stated by the General Director of Srbijagaz Dusan Bajatovic, RIA Novosti reports.

The Russian Gazprom has extended its gas contract with the European country for three months.

Earlier, ex-Serbian President Aleksandar Vucic discussed gas supplies from the Russian Federation to Serbia with Russian leader Vladimir Putin. He noted that he expects the price of gas from the Russian Federation to be 318 euros per thousand cubic meters instead of the market price of 868 euros per thousand cubic meters.

Open Questions

Will the contract be renewed after the three month period has expired?