(MENAFN) Moscow and Belgrade are in talks to finalize a long-term agreement to increase Russian gas deliveries to Serbia after the current contract expires in September, the Russian Embassy in Belgrade told Izvestia. Serbia, heavily dependent on Russian energy and refusing to back Western sanctions against Russia over the Ukraine conflict, recently extended its existing gas contract through September to maintain uninterrupted supply amid ongoing negotiations.

Under the current extension, Gazprom supplies Serbia with 6.1 million cubic meters of gas daily at a favorable price of €290 per 1,000 cubic meters, below the European average of around €360, according to Srbijagas CEO Dusan Bajatovic. Serbian Ambassador to Russia Momcilo Babic confirmed that discussions on a new supply deal are underway, noting that an agreement to increase gas deliveries was reached during a May 9 meeting between Serbian President Aleksandar Vucic and Russian President Vladimir Putin in Moscow.

However, no signing date or specific volume targets have been set yet. Serbia receives Russian gas through the TurkStream pipeline via Türkiye and Bulgaria, relying on Russia for over 80% of its consumption. Energy experts caution that increasing gas supplies might face technical challenges unless key transit routes like Nord Stream, the Yamal-Europe pipeline, or Ukrainian corridors are reopened.

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