Russia

Europe cuts the cord as Russian gas exports collapse to 1970s levels

Russian natural gas deliveries to European markets collapsed in 2025, plunging by roughly 44% compared with the previous year and hitting their lowest level since the mid-1970s. This historic decline followed the shutdown of the Ukrainian transit corridor in January and the European Union’s accelerating campaign to phase out Russian fossil fuel imports. Earlier this […]

Europe cuts the cord as Russian gas exports collapse to 1970s levels Read More »

The true price of gas security: Serbia’s reality of contracts, subsidies, storage and structural risk in 2025

Natural gas in Serbia is not simply a fuel. It is urban stability in winter, an invisible lifeline for industry, a quiet anchor of political calm, and a permanent financial commitment wrapped in contracts, infrastructure and risk. In 2025, the conversation about gas is not about whether Serbia has supply. It does. The real question

The true price of gas security: Serbia’s reality of contracts, subsidies, storage and structural risk in 2025 Read More »

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

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

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

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

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

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

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

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

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

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

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

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

Scroll to Top