The Serbian and Azerbaijani Ministries of Energy have signed a Memorandum of Understanding to deepen energy sector relations. Additionally, a commercial contract between gas companies SOCAR (Azerbaijan) and Srbijagas (Serbia) was signed, facilitating the supply of up to 400 million cubic meters of Azerbaijani gas to Serbia by the end of next year.
Serbia’s Minister of Mining and Energy, Dubravka Đedović Handanović, who signed the agreement in Baku, stated that upon completing the gas interconnection with Bulgaria, Serbia will add Azerbaijan as another gas supplier. This development follows the completion of the Balkan Stream pipeline, which enhanced supply security and opened a new supply route.
“Now, we are also achieving our strategic goal of diversifying suppliers and strengthening our position as a transit country for Central European gas supply. We expect the completion of the Serbia-Bulgaria gas interconnection in the coming days, fulfilling the infrastructural prerequisites for this new gas supply source,” said Đedović Handanović.
She also mentioned that the Memorandum opens up other cooperation possibilities between the two countries. These include the supply of liquefied natural gas via terminals in Turkey and Greece and potential collaboration on developing capacities for gas power plants and gas storage facilities.