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Gazprom and Srbijagas address cooperation issues

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Dusan Bajatovic, Director General of Srbijagas, took place in Belgrade today.

The parties addressed the ongoing bilateral cooperation, including, inter alia, joint efforts in the expansion of the Banatski Dvor UGS facility, promotion of the use of gas as a vehicle fuel in Serbia, and scientific & technical partnership between the companies.

Background

Gazprom’s partner in Serbia is Srbijagas, a state-owned company focused on gas transportation, storage and distribution in Serbia.

In 2015, Gazprom and Srbijagas signed the Memorandum of Understanding promoting cooperation in the areas of underground gas storage, use of gas as a vehicle fuel, and small-scale LNG, including as part of scientific & technical cooperation. 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.

In 2013, a long-term contract was inked for Russian gas supplies to Serbia for the period of 10 years. In 2016, Gazprom exported to Serbia 1.75 billion cubic meters of gas, a 4.3 per cent increase from 2015.

 

Image: Gas transmission in Serbia (credit: Gazprom)

Source: Gazprom

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