Background

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 December 19, 2017, the Addendum to the long-term contract between Gazprom Export and Yugorosgaz for Russian gas deliveries to Serbia was signed. According to the document, the amount of gas supplies under the contract would be increased from 1.5 billion cubic meters to 2 billion cubic meters per year starting from 2018.

On June 3, 2017, Gazprom Export and Srbijagas inked the Memorandum of Understanding for the expansion of the Banatski Dvor UGS facility (Gazprom – 51 per cent, Srbijagas – 49 per cent).

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. On April 30, 2018, the first string of the pipeline’s offshore section was completed. Construction of the second string is currently in progress.

The construction project for a thermal power plant in Pancevo, Serbia, is being implemented in accordance with the Agreement between the Gazprom Energoholding Group and the Gazprom Neft Group with the purpose of improving the reliability of electricity and heat supplies to the refinery in Pancevo, as well as creating opportunities for selling electricity in Serbia’s domestic market and on the energy exchanges of other European countries. The TPP’s combined cycle power unit will have the maximum capacity of 200 MW.