Serbia has secured a short-term extension to its gas import arrangement with Russia, the Serbian president said after a telephone conversation with his Russian counterpart on Monday.
President Aleksandar Vucic told reporters in Belgrade that he had spoken by phone with Russian President Vladimir Putin. Their discussion covered bilateral relations, economic cooperation, global developments and the specifics of gas imports. According to Vucic, the call resulted in a three-month extension of the existing gas contract on what he described as very favourable terms.
The extension leaves the current price and volume conditions unchanged. Under the agreement, Serbia pays between $320 and $330 per 1,000 cubic meters of gas. The contracted daily supply level is 6 million cubic meters, with provisions permitting additional volumes if required.
Serbia relies heavily on Russian gas, with imports covering up to 90% of the country's energy requirements, and the administration noted that Russian deliveries are less expensive than alternative sources. The government framed the three-month renewal as an important step in preserving supply continuity while maintaining the existing commercial terms.
Key details at a glance
- Extension duration: three months.
- Price range maintained: $320 - $330 per 1,000 cubic meters.
- Base daily volume: 6 million cubic meters, with flexibility for additional volumes.
- Share of energy needs met by Russian gas: up to 90%.
Context and implications
The agreement sustains current commercial terms for the immediate quarter, preserving a supply arrangement that the Serbian government regards as cost-advantageous compared with other sources. By keeping price and volumes steady for the short term, the deal provides continuity for energy supplies that account for a very large share of national consumption.
At the same time, the arrangement is explicitly limited to a three-month window. That fixed duration, together with the described dependence on Russian deliveries and the provision for additional volumes, highlights the short-term nature of the settlement and the potential need for further negotiations or adjustments once the extension expires.
All facts and figures in this report are based on statements made by Serbian officials following the bilateral telephone discussion.