15 april 2022, 14:05

Autonomous Bosnia sees higher prices for Russian gas: press

Prices for Gazprom's gas will rise by 21.7% in the 2nd quarter in Bosnia and Herzegovina

Sarajevo, April 15 - Neftegaz.RU. Authorities in the Bosniak-Croat Federation region of Bosnia and Herzegovina expect prices for gas from Russia's Gazprom to rise 21.7% in the 2nd quarter, Reuters reported on April 14.

Gazprom has been supplying gas to Bosnia as well as Serbia through the 2-string 31.5bn m³/yr Turkish Stream pipeline and a 2nd link that passes through Turkey and Bulgaria.

Bisera Hadzialjevic, general manager of Bosnian gas importer Energoinvest, said:

Many gas distributors had seen steeper price hikes than the rate offered to the country, with global benchmarks for oil and oil-linked derivatives such as gas spiking to multi-year highs
This price increase is minimal, it cannot be compared with the gas prices in other European countries

In 2017, Bosnian gas distributor Gas-Res entered into a joint venture with Gazprom's SPG unit to build an LNG plant in the Serb Republic region, where authorities have maintained close ties with Moscow.

A land plot for the €70 million ($82 million) project in the northeast of the republic was secured in September 2021, according to SeeNews.

Gazprom will own a majority stake in the project and will be its main supplier of LNG imports.

Gazprom´s natural gas has been supplied to Bosnia and Herzegovina, part of the former Yugoslavia, since 1978.

Author: Callum Cyrus