Background

State-owned Srbijagas is focused on gas transportation, storage and distribution in Serbia.

Serbia's Banatski Dvor UGS facility (Gazprom – 51 per cent, Srbijagas – 49 per cent) is one of the largest gas storage sites in southeastern Europe, playing a key role in securing stable gas deliveries to European consumers. The facility has a working gas capacity of 450 million cubic meters, with maximum daily deliverability reaching 5 million cubic meters.

In 2015, Gazprom and Srbijagas signed a Memorandum of Understanding, which reflects the parties' intent to consider possible ways of promoting the cooperation in the areas of underground gas storage, natural gas vehicles, and small-scale LNG, including as part of scientific & technical cooperation. Pursuant to the Memorandum, the parties will also address the possibility of expanding the Banatski Dvor UGS facility.

In 2013, a long-term contract was inked for Russian gas supply to Serbia over a period of 10 years. In 2015, Gazprom supplied Serbia with 1.7 billion cubic meters of gas.