Serbia has secured an extension of its current natural gas supply arrangement, with deliveries continuing for an additional three months beyond the end of June, Energy Minister Dubravka Đedović said after talks with Gazprom Chairman Alexey Miller. The discussions covered the terms of continued supply and its role in maintaining energy system stability.
The agreement is expected to support uninterrupted gas delivery for both industrial consumers and households. Serbian officials highlighted the need to maintain favorable contract conditions, reliable volumes, and flexibility in the context of volatility in global energy markets.
Banatski Dvor underground storage expansion targets higher capacity
The meeting also addressed strategic energy infrastructure projects, including the expansion of the Banatski Dvor underground gas storage facility. The facility is described as one of Serbia’s key energy security assets.
Upon completion, storage capacity is expected to rise from 450 million cubic meters to around 750 million cubic meters. The expansion is intended to improve Serbia’s ability to manage seasonal demand changes and potential supply disruptions.
Both sides reportedly expressed satisfaction with progress on the storage expansion project. They characterized the work as a central element of Serbia’s long-term energy security approach and an investment aimed at strengthening future system resilience.
Serbia-Russia oil and gas cooperation includes NIS sanctions uncertainty
Discussions further covered broader cooperation between Serbia and Russia in the oil and gas sector. Ongoing developments affecting the energy industry were part of the agenda during the meeting.
A key focus was the situation surrounding NIS, Serbia’s largest oil company, which continues to face uncertainty tied to international sanctions pressure. Authorities said they are working to identify a sustainable solution that protects domestic consumers and the national economy.
Officials reiterated that priorities include ensuring uninterrupted energy supply, maintaining market stability, and protecting end-users. They also emphasized that households and businesses should not bear the consequences of wider geopolitical tensions.
