Banja Luka, Serbia (Source: Gazprom)
Banja Luka, Serbia (Source: Gazprom)

Serbia Talks Gas Supply with Gazprom

Gazprom has discussed its gas sales with Serbia, one of the transit countries for the South Stream project.

Milorad Dodik, President of Republika Srpska (Serbian Republic), held a working meeting with Alexey Miller, Gazprom Chairman, in Moscow. 

They discussed Russian natural gas supplies to the Republika, Gazprom said, and outlined specific steps on building a gas branch from South Stream for Serbian use, as well as promoting the cooperation in the power industry.

The parties also planned steps towards signing an international regulatory document with Republika Srpska as well as Bosnia and Herzegovina. The document would govern joint activities in the energy sector.

Last month Serbia's energy minister complained that the price being charged for Russian gas was too high. 

Gazprom delivered 1.4 billion cubic meters (bcm) of gas to Serbia in 2011, at a price of  €350 ($470) per 1,000 bcm.

In September 2012 Gazprom and Republika Srpska signed a Memorandum of Understanding (MoU) that fixed mutually beneficial partnership and cooperation between the parties.

The Memorandum envisages possible construction of a gas branch from South Stream to Republika Srpska and gasification of the population centers along its route, Gazprom says.

See also: Serbia Strikes Long-Term Gas Deal With Russia

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