Serbia reaches new three-year deal on Russian gas supplies

Serbian President Aleksandar Vucic

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“I cannot announce the gas price right now, all the details will be agreed with Gazprom,” Vučić added.

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Vucic said he also discussed with Putin about expanding Serbia’s gas storage capacity.

Meanwhile, Serbian TV channel RTS reported that Vučić later explained that, according to its data, the price of natural gas in Serbia would be between $310 and $408 per thousand cubic meters.

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Serbian leaders say this is the best gas price in Europe based on the 2.2 billion cubic meters needed by Serbia.

“As Serbia’s gas consumption increases, the question of an additional 800 million cubic meters of gas remains unresolved,” Vucic said.

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Serbia’s president said he had asked Gazprom head Alexei Miller to discuss with him the amount of natural gas the country needs in the near future.

“If we implement all the agreements we have with Putin, then we will have a comfortable winter in terms of gas supplies and, based on the outcome of the negotiations with Gazprom, we will be able to say exactly how much gas is needed for a cubic metre of gas. How much does it cost us on average,” Vucic said.

Also read: Gazprom cuts gas supplies to Bulgaria, Poland

“Currently, our prices are 3 times lower than the rest of Europe and will be 10-12 times lower in winter.”

earlier, Putin Had a phone conversation with Vucic and agreed that the Russian Federation will continue to supply Serbia with natural gas.

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