Gazprom and Srbijagas address prospects for cooperation in NGV and small-scale LNG sectors
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Dusan Bajatovic, Director General of Srbijagas, took place today at the St. Petersburg International Economic Forum 2016.
The parties discussed a wide range of issues related to the bilateral partnership in the gas industry, focusing, inter alia, on Russian gas supplies and transmission routes to Serbia, as well as on the expansion of the Banatski Dvor UGS facility.
State-owned Srbijagas is focused on gas transportation, storage and distribution in Serbia.
Serbia's Banatski Dvor UGS facility (Gazprom – 51 per cent, Srbijagas – 49 per cent) is one of the largest gas storage sites in southeastern Europe, playing a key role in securing stable gas deliveries to European consumers. The facility has a working gas capacity of 450 million cubic meters, with maximum daily deliverability reaching 5 million cubic meters.
In 2015, Gazprom and Srbijagas signed a Memorandum of Understanding, which reflects the parties' intent to consider possible ways of promoting the cooperation in the areas of underground gas storage, natural gas vehicles, and small-scale LNG, including as part of scientific & technical cooperation. Pursuant to the Memorandum, the parties will also address the possibility of expanding the Banatski Dvor UGS facility.
In 2013, a long-term contract was inked for Russian gas supply to Serbia over a period of 10 years. In 2015, Gazprom supplied Serbia with 1.7 billion cubic meters of gas.