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Serbia's Vucic seals Kremlin summit with gas deal

Putin and Vucic oversaw the signing of a number of agreements.

Serbia's Vucic seals Kremlin summit with gas deal


The Russian and Serbian presidents, Vladimir Putin and Aleksandar Vucic, oversaw the signing of a number of agreements, including one allowing Serbia to re-export Russian gas, in Moscow on December 19, 2017.

Russian gas supplies to Serbia will be increased to 2 billion cubic metres from 2018, Gazprom reported on December 19, after amending the current supply deal with Serbia's state-run company Srbijagas.

Gazprom's gas supplies to Serbia reached 1.75 billion cubic metres as of November 15, the company said.

«In future, Serbia, apart from being a major market for the Russian gas, may become an important transit hub. The issue of connecting the Serbian partners to the new energy pipeline route project, the Turkish Stream, being implemented by Gazprom, is being considered,» Vladimir Putin said after his meeting with Serbia's President Aleksandar Vucic.

According to the Russian president, the volume of Russian gas supplies to Serbia may reach 3.5 billion cubic meters by 2022. Serbia depends on Russia for almost all of its natural gas.

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