gazprom

Serbia: Gazprom races to sell 11.3% stake in NIS as talks with MOL intensify

Negotiations on the sale of part of Serbian oil company NIS have entered an accelerated phase, with Russian Gazprom seeking to secure a buyer for its 11.3 percent stake. Moscow’s primary expectation is that Hungarian energy company MOL, backed by Prime Minister Viktor Orbán, will acquire the share package. A clearer direction is expected in […]

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Serbia: Gazprom transfers NIS stake to subsidiary ahead of US sanctions deadline

Russian company Gazprom has formally withdrawn as a shareholder in Serbian oil company NIS, transferring its 11.3 percent stake to another Russian firm, Intelligence, just days before U.S. sanctions against NIS are scheduled to take effect on September 26. After the transaction, GazpromNeft remains the largest shareholder with 44.85 percent, the Serbian government holds 29.87

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Serbia: New long-term gas deal with Gazprom expected in October

Serbia is expected to sign a new long-term natural gas agreement with Russian company Gazprom in October, extending the current supply arrangement until the end of that month. Srbijagas director Dušan Bajatović said the existing contract will remain valid under the same terms, including the oil-indexed pricing formula and additional supply volumes. He assured that

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Gazprom gas flows to Europe via TurkStream dip slightly in August but remain above 2024 levels

Gazprom’s natural gas deliveries to Europe through the TurkStream pipeline fell slightly in August, down 2 percent compared to July, according to estimates based on ENTSOG data. Average daily flows dropped to 50.4 million cubic meters from 51.5 million cubic meters in the previous month. Despite the month-to-month decline, volumes were still higher than the

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Region: Serbia nears long-term gas deal with Russia, advances oil pipeline project with Hungary

Serbia is nearing the completion of a new long-term natural gas supply agreement with Russian company Gazprom, with only a few details remaining to be finalized. Energy Minister Dubravka Djedovic highlighted that Russian gas played a crucial role in ensuring uninterrupted deliveries to households and industry during the peak of the energy crisis. She emphasized

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Serbia and Russia move closer to finalizing new gas supply agreement

Following official discussions between the Presidents of Serbia and Russia in Moscow, representatives from Srbijagas and Gazprom have resumed negotiations to finalize a new gas supply agreement, with the current contract set to expire at the end of May. Dusan Bajatovic, General Director of Srbijagas, stated that the new agreement could last for up to

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Serbia: Refinery in Smederevo to be in line with the highest EU standards

Serbia’s Minister of Mining and Energy, Dubravka Đedović Handanović, recently finalized a framework agreement with “China Energy International Group” to construct an oil processing plant in Smederevo, aimed at producing derivatives in line with EU standards. This development has sparked discussions regarding the necessity of another refinery in the country and its implications, particularly concerning existing Russian-owned refineries. Handanović

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Bulgaria: Bulgargaz claims 400 million euros from Gazprom for gas supply suspension

The management of natural gas supplier Bulgargaz decided to seek 400 million euros from Gazprom for the 2022 suspension of fuel supplies. The decision was published by Energy Minister Vladimir Malinov at a news briefing. Gazprom cut off gas supplies to Bulgaria as of April 27, 2022, after Bulgaria refused to pay in rubles as demanded by

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