gas negotiations

Russian President proposes new gas contract negotiations with Serbia

Russian President Vladimir Putin has proposed that Serbia initiate discussions for a new gas delivery contract ahead of the current agreement's expiration in March 2025. The existing contract, signed during the 2022 energy crisis, secures Russia's supply of 2.2 billion cubic meters of gas per year to Serbia at a preferential price ranging from $300 to $420 per 1,000 cubic meters. This agreement has been instrumental in protecting Serbia from the volatile market prices seen in 2022 and 2023, which…