24 May 2018

Demand for Russian gas still on rise in Serbia

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Aleksandar Antic, Minister of Mining and Energy of Serbia, took place today at the St. Petersburg International Economic Forum 2018.

The parties discussed trends in the development of the energy sector in southeastern Europe, paying particular attention to the growing demand for Russian gas. According to preliminary data, between January 1 and May 23, 2018, Gazprom delivered to Serbia about 1 billion cubic meters of gas, an increase of 5.8 per cent against the same period of 2017.

Special emphasis was placed on the TurkStream project. Alexey Miller spoke about the successful completion of pipelaying for the offshore section of the gas pipeline’s first string.

The parties underlined the importance of developing the Serbian gas transmission system and reviewed the implementation of the corresponding roadmap.

The meeting also addressed the ongoing technical and financial feasibility studies for the expansion of the Banatski Dvor UGS facility, as a result of which the facility’s capacity would grow from 450 to 750 million cubic meters.



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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