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Hungary considers expanding energy footprint from Russia to Serbia’s NIS

During a meeting in Moscow between Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orbán, the two leaders discussed the possibility of Hungary acquiring stakes in Russian oil companies impacted by the latest round of US sanctions. Russian Deputy Prime Minister Alexander Novak emphasized that Hungary has been a longstanding and reliable energy partner […]

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Region: Serbia, Hungary and Russia advance plans for strategic oil pipeline project

Serbia’s Minister of Mining and Energy, Dubravka Djedovic, met with Russian Deputy Energy Minister Pavel Sorokin and Hungary’s State Secretary for Foreign Affairs and Trade, Peter Sztaray, to discuss the implementation of the planned Serbia-Hungary oil pipeline. She stated that the project holds major strategic importance for Serbia’s energy security. During the meeting, the participants

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Region: Russian oil deliveries to Hungary and Slovakia halted after Druzhba pipeline strike

Crude oil deliveries from Russia to Hungary and Slovakia through the Druzhba pipeline were suspended on Monday after damage occurred at a transformer facility, officials from both countries confirmed. The Druzhba route, which passes through Belarus and Ukraine, remains Hungary’s main channel for crude imports and also supplies Slovakia. Hungarian authorities reported being informed that

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Europe: Slovakia ties support for EU sanctions on Russia to long-term gas deal extension

Slovak Prime Minister Robert Fico has stated that Slovakia will only lift its veto on the European Union’s eighteenth sanctions package against Russia if the bloc agrees to let Slovakia continue purchasing Russian gas through 2034. He criticized the European Commission’s plan to end Russian gas imports after 1 January 2028 as unrealistic and called

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Serbia seeks stable gas supply amid European push to cut Russian imports

Serbia should sign a long-term gas supply contract with Russia, according to Srbijagas Director Dušan Bajatović. The General Manager of Srbijagas stated that Serbia will negotiate a long-term agreement with Russia for the procurement of gas. “We will get a long-term contract. There is still a question of price. It will not be for less

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Serbia and Russia to resume gas contract talks as current agreement nears expiry

Dušan Bajatović, General Director of Srbijagas, announced that negotiations with Russia over a new gas supply agreement will resume next week. With the current arrangement set to expire on 31 May, discussions are focused primarily on determining the duration of the new contract. According to Bajatović, preliminary talks took place during President Aleksandar Vučić’s recent

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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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Bosnia and Herzegovina’s gas debt to Russia: Background and ongoing dispute

Bosnia and Herzegovina (BiH) owes Russia $104.8 million in gas debt, according to the BiH Ministry of Finance and Treasury. This amount includes $22.7 million of pre-war debt and $82.1 million accumulated during the 1992–1995 war. A commission was formed in 2006 to determine the exact amount of debt owed for gas deliveries, covering the

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