We are talking about supplies of 400 million cubic meters of gas to the Balkan country from 2024 and there is a possibility to increase these volumes in the future.
Azerbaijan will supply natural gas to Serbia. The corresponding agreement was signed by SOCAR and Srbijagas, the Ministry of Energy of Azerbaijan reported on Wednesday, November 15.
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It is indicated that the document was signed following a meeting in Baku between the Minister of Energy of Azerbaijan Parviz Shahbazov and the Minister of Mining and Energy of Serbia Dubravka Dzhedovic Handanovic.
We are talking about supplies of 400 million cubic meters of gas to the Balkan country from 2024 and there is a possibility to increase these volumes in the future.
Thus, Serbia will become the eighth buyer of Azerbaijani gas in Europe. Currently, Italy, Greece, Bulgaria, Romania, Georgia and Turkey buy gas from Baku. By the end of 2023, deliveries will begin in Hungary.
Let’s remember that in 2022, Azerbaijan increased gas exports by 18% – out of 22.3 billion cubic meters, supplies to Europe reached 11.4 billion cubic meters (+39%).
For 2023, gas exports from Azerbaijan are planned at 24.5 billion cubic meters, of which about 12 billion cubic meters will go to Europe.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.