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RF gas export to Serbia can increase twofold – Gazprom

March 27, 2013, 19:26 UTC+3

Serbia will receive gas on the price, which is 13 percent lower

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MOSCOW, March 27 (Itar-Tass) – Russian gas export to Serbia can increase twofold and amount to 1.5 billion cubic metres every year within 10 years, Gazprom reported on Wednesday.

In 2012 Gazprom supplied 0.74 billion cubic metres of gas to Serbia.

Russia’s Gazprom and Serbia signed an agreement on Russian gas supplies as part of CEO Alexei Miller’s visit to Serbia. During the trip, Miller held talks with Serbian President Tomislav Nicolic to discuss the status of Russian-Serbian energy cooperation. Special attention was paid to the South Stream project. The parties noted that on February 21, the Serbian parliament gave a special status to the gas pipeline. The law will make it possible to ease procedures, which are necessary to realise the project, the report says.

According to earlier Itar-Tass reports, Serbia will receive gas on the price, which is 13 percent lower. “Under the long-term treaty, Serbia will receive Russian gas for preferential prices till 2021,” Miller stressed.

The Gazprom CEO said Serbia was Russia’s strategic partner in the energy sector. The documents, which were signed earlier, prove this, he added.

Miller noted that till now the parties had successfully implemented different projects, including the Banatski Dvor gas storage. “We have big plans for the future. I mean the construction of gas thermal power stations, which will receive fuel for preferential prices and generate cheaper fuel and power,” Miller said.

The Gazprom CEO said Russian gas supplies to Serbia through South Stream were planning to start in 2016 with the annual volume of about 3.9 billion cubic metres.

Miller said Serbia would ensure energy security in the long-term period. “This is the best response to those who proposed the government to the cash market instead of signing an agreement with Gazprom,” he said.

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