Serbia, Russia to discuss long-term deal for natural gas deliveries on Sept 4.

By bne IntelliNews August 31, 2012
Serbia and Russia will meet on September 4 to discuss the terms of a long-term agreement for deliveries of Russian natural gas to the Serbian market, daily Blic reported, quoting Serbia's energy ministry as saying. The meeting is part of the preparations for the signing of the agreement, which concerns the 2012-2021 period. The agreement, under which Russia will raise the annual deliveries to five billion cubic metres in the period from current two billion, was approved by Russian PM Dmitry Medvedev earlier this week. It has not been revealed yet what price Russia will charge Serbia for the supplies. Yet, the agreement would take effect only after Serbia pays its earlier debt for Russian gas worth USD 30mn. The debt occurred in the November 2000-January 2001 period on the basis of a bilateral agreement signed in 1995.

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