Serbia, Azerbaijan To Sign Agreement On Supply Of Additional Gas Volumes
Date
9/14/2024 5:18:48 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 14. Serbia and
Azerbaijan will sign agreement on supply of additional gas volumes,
Trend reports via
the Serbian Ministry of mining and Energy.
Serbian Minister of Mining and energy Dubravka Djedovic
announced the preparation of an official agreement regarding the
purchase of gas from Azerbaijan.
During a visit to Novi Sad city on September 13, the minister
attended the Srbijagas company headquarters.
"This November, we'll have 750 million cubic meters of gas in
underground storage at Banatski Dvor [Serbian village] and 163
million cubic meters in gas storage facilities in Hungary.
We have also secured additional gas supplies from Azerbaijan (in
2024), which we will purchase according to our needs, and we'll
formalize the official agreement soon," the minister said.
She mentioned that Serbia has a strategic interest in having gas
storage facilities on its own territory.
"By the end of 2026, 1.5 billion cubic meters of gas will be
stored in Banatski Dvor. The measures being taken will crucially
contribute to energy security and stability for the next 25 years,"
the minister added.
To note, Serbia has been receiving gas from Azerbaijan since the
beginning of this year, and over the past period, it has purchased
more than 23 million cubic meters.
On November 15, 2023, a contract was signed between Srbijagas
and the State Oil Company of Azerbaijan (SOCAR) for the supply of
Azerbaijani gas (up to 400 million cubic meters per year during
2024-2026, with the possibility of an increase starting in
2027).
The gas is transported through Bulgaria.
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