Serbia Intends To Receive Up To 40 Pct Of Gas From Azerbaijan
(MENAFN- AzerNews)
By Ayya Lmahamad
Serbian mining and energy Minister Zorana Mihajlovic has said
that the country intends to buy up to 40 percent of the gas from
Azerbaijan in 2023, Azernew reports.
She noted that Russia annually supplies 2.2 billion cubic meters
of gas to Serbia, while the gas consumption of the country is about
3 billion cubic meters per year.
'The difference will be provided partly from the gas storage in
Hungary, partly from the gas storage Banat Yard, and next year, we
will have the possibility to receive about 40 percent of gas
through the pipeline Nis - Dimitrovgrad. We expect that this will
be primarily gas from Azerbaijan, and negotiations are already
underway to reserve capacities for the time when the construction
of that pipeline will be completed,' she elaborated.
Earlier this month Azerbaijan and Serbia signed an agreement on
cooperation in the energy and mining sectors. The agreement was
signed between Azerbaijan's Energy Minister Parviz Shahbazov and
Serbian Deputy Prime Minister and Mining and Energy Minister Zorana
Mihajlovic during the meeting on the fringes of the Baku Energy
Week.
The agreement aims to rationally use the potential of both
countries' energy and natural resources and provides for
cooperation in the energy sector, especially natural gas and
renewable energy sources, as well as the promotion of the mutual
investments in mineral exploration, regulation, energy efficiency,
and establishment of joint ventures.
The document also reflects the continuation of cooperation to
support the implementation of the Southern Gas Corridor. In this
regard, it should be noted that the Serbia-Bulgaria
(Nis-Dimitrovgrad) gas pipeline, will allow Serbia's integration
into the Southern Gas Corridor.
Azerbaijan and Serbia collaborate in a variety of economic
sectors. The Azerbaijan-Serbia Declaration on Strategic
Partnership, signed in 2013, and the Joint Action Plan on Strategic
Partnership, signed in 2018, laid the groundwork for the
development of relations.
The trade turnover between Azerbaijan and Serbia amounted to
$9.2 million in 2021.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
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