Oil and gas exploration, production, processing and storage in Serbia


In 2015, Gazprom and Srbijagas entered into a Memorandum of Understanding. The document reflects the parties’ intent to consider the ways of promoting cooperation in the areas of underground gas storage, use of natural gas as a vehicle fuel, and small-scale LNG, including as part of scientific & technical cooperation.

In 2016, Gazprom and Srbijagas signed an Agreement for scientific & technical cooperation and partnership.

In December 2017, an Addendum to the long-term contract between Gazprom Export and Yugorosgaz for Russian gas deliveries to Serbia was signed. According to the document, the amount of gas supplies under the contract would be increased from 1.5 billion cubic meters to 2 billion cubic meters per year starting from 2018.

In June 2017, Gazprom Export and Srbijagas inked the Memorandum of Understanding for the expansion of the Banatski Dvor UGS facility.

Gas supplies

Russian gas has been exported to Serbia since 1978.

In 2018, Gazprom delivered 2.2 billion cubic meters of gas to Serbia.

Project implementation

Banatski Dvor UGS facility

In 2009, Gazprom and Srbijagas signed the Agreement on setting up a joint venture for the Banatski Dvor UGS facility.

The Banatski Dvor UGS facility is one of the largest gas storages in southeastern Europe.

The facility was commissioned in November 2011.

With a working gas capacity of 450 million cubic meters, the UGS facility has a maximum gas deliverability of 5 million cubic meters per day.

Gas transmission in Serbia
Gas transmission in Serbia

Gas transmission in Serbia


In 2009, Gazprom Neft obtained a majority stake in the oil and gas company NIS j.s.c. Novi Sad (NIS). In 2011, Gazprom Neft acquired an additional 5.15 per cent of shares, raising its stake in NIS to 56.15 per cent.

As one of the largest vertically integrated energy companies in southeastern Europe, NIS is involved in oil and gas exploration, production and processing, as well as oil products marketing.

The company owns two refineries in Pancevo and Novi Sad with a total refining capacity of 7.3 million tons per year, more than 400 filling stations and oil tank farms, as well as a liquefied natural gas plant in Elemir. NIS provides 85 per cent of oil products in the Serbian market.

NIS also runs its business in other countries within the projects for exploration, production and marketing of oil products in Serbia, Hungary, Romania, Bosnia and Herzegovina, Bulgaria, and Angola.

TPP in Pancevo

In 2015, Tsentrenergoholding (part of Gazprom Energoholding Group) and NIS signed the Shareholders Agreement on setting up the Serbskaya Generaciya Novi Sad company to implement the project for the construction of a thermal power plant (TPP) in Pancevo, Republic of Serbia, with a power capacity of some 200 MW. The heat generated by the TPP will serve the needs of the Pancevo Refinery, while the plant’s electric power output will be sold in Serbia and neighboring countries.

The TPP construction started in 2019.