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Serbia’s plans for a new long-term gas contract with Russia’s Gazprom remain uncertain, with officials now aiming for a short-term extension, Dusan Bajatovic, director of state-owned gas importer Srbijagas, said on November 17.
Serbia failed to secure a three-year agreement in October, receiving only a brief extension after US sanctions targeted Naftna Industrija Srbije (NIS), the country’s sole oil refiner and majority-owned by Gazprom.
“We expect the existing gas arrangement to be extended for three months, a year at the most. If not, we have contingency plans to ensure at least 70 days of supply,” Bajatovic told state broadcaster RTS, adding that Serbia will not run out of gas this winter.
The interconnector with Bulgaria can deliver gas from Azerbaijan or via Turkey, though supplies remain limited. Gas prices on the stock exchange are around €320 per thousand cubic metres, he said.
Bajatovic said Serbia is prepared to maintain NIS operations despite US demands for a Russian exit. The government held an emergency session on November 16 to discuss restructuring the company.
Serbia imported about 3bn cubic metres (bcm) of Russian gas in 2024, covering most of its consumption, with domestic production accounting for roughly 10%. While Serbia has begun diversifying supplies via Bulgaria and Greece’s Alexandroupolis LNG terminal, Russian gas is expected to remain central for the foreseeable future.
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