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Gazprom CEO signs long-term gas supply agreements in Serbia

March 27, 2013, 18:38 UTC+3
The major advantages of the agreements are in the flexibility of gas supplies, the absence of fines and the possibility of additional decline in Russia’s gas cost
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BELGRADE, March 27 (Itar-Tass) – Gazprom CEO Gazprom Alexei Miller has signed two agreements on the supplies of Russia’s natural gas to Serbia in the period up to 2021, the government’s press service said on Wednesday.

Director of Russia’s Yugorosgaz Vladimir Koldin put his signature to the first document, which Srbijagaz Director General Dusan Bajatovic put his signature to the second documents.

According to the documents signed, Serbia got the guarantees of annual supplies of up to five billion cubic metres of natural gas from Russia. The major advantages of the agreements are in the flexibility of gas supplies, the absence of fines and the possibility of additional decline in Russia’s gas cost.

Ahead of the signing of the above-mentioned documents, the CEO of Russia’s gas giant had talks with Serbia Prime Minister Ivica Dacic. The meeting was held in a closed-door format, after which Gazprom’s delegation and the delegation of the Serbian government discussed prospects for further cooperation.

On Wednesday, Miller plans to hold talks with Serbian President Tomislav Nikolic and First Deputy Prime Minister Aleksandar Vucic.

 

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