Background

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

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

In 2015, Gazprom and Srbijagas signed a Memorandum of Understanding, which reflects the parties' intent to consider the possible ways of 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. Pursuant to the Memorandum, the parties will also address the possibility of expanding the Banatski Dvor UGS facility.