Serbia expects to extend its gas supply arrangement with Gazprom beyond September 30, while Russian deliveries continue during negotiations on a longer-term agreement. President Aleksandar Vučić said after talks with Russian President Vladimir Putin that an annex should be signed shortly. The extension’s duration, volumes and pricing formula have not been disclosed.
Vučić said Serbia’s current purchase price is about €318 per 1,000 cubic metres, compared with a market benchmark of approximately €868. Serbia consumes about 3 billion cubic metres of gas annually. Its original 2022 Gazprom agreement covered up to 2.2 billion cubic metres per year.
The three-year contract expired in May 2025 and has since been kept in place through shorter extensions, including an arrangement agreed in June 2026. Most Russian deliveries arrive via TurkStream and Bulgaria. Serbia has also added Azerbaijani supplies through its Bulgarian interconnector.
NIS sanctions talks run alongside gas negotiations
Talks with Moscow also covered NIS, Serbia’s only oil refiner. NIS has requested another US sanctions waiver beyond the expiry of its current licence on September 30. Vučić said the NIS issue is more difficult than the gas negotiations.
He said the refinery’s operating position remains unresolved even as a gas extension was expected.
