Price, volumes yet to be finalized Current contract linked to oil prices Kremlin says Russia agreed to uninterrupted supplies to Serbia Serbian President Aleksandar Vucic said May 29 that a Continue Reading
A Russian oil company said its division in Serbia has opened up a new reserve area with the goal of moving from drilling to development next year. Gazprom Neft said Continue Reading
Russian Foreign Minister Sergei Lavrov gets Serbian support for gas pipeline planned to Europe through Turkey. File photo by Monika Graff/UPI MOSCOW, May 15 (UPI) — The Serbian foreign minister told his Russian counterpart Friday joining a gas pipeline project through Turkey was in his country’s best interests. "We want to participate in this [Turkish Stream] project," Serbian Foreign Minister Ivaca Dacic said from Moscow. "At present, we can express our readiness for participation in this project because we need reliable gas supplies." The Kremlin said the Turkish gas project will help ensure European energy security. South Stream, a longer version of the pipeline, was envisioned as a European network before the Russian government pulled it off the table in late 2014. Russia meets about a quarter of the natural gas needs for the European economy. The majority of that runs through the Soviet-era transit network in Ukraine, where […]
Serbia needs to get in line behind European energy policies, review says. UPI/Ivan Vakolenko BRUSSELS, Oct. 9 (UPI) — The European Union said Serbia needs to get in line with regional energy regulations, notably as they relate to the planned South Stream gas pipeline. Serbia and the EU begin formal discussion on accession in January. In a status report , the EU said the Serbian government has made progress in aligning itself with European governance, but it’s lacking in key foreign policy and economic areas. "Serbia needs to step up its efforts towards alignment with the EU acquis in particular in the fields of energy — including on the South Stream gas pipeline," it said Wednesday. Serbian Foreign Minister Ivica Dacic met with Russian officials in Moscow this week to discuss the natural gas pipeline Russia views as a means to diversify a gas transit network vulnerable to geopolitical […]
