gas sector

The future of Serbia’s gas sector: Supply pathways, market vulnerabilities, pricing risks, and the shift to a new regional gas order

Natural gas has become Serbia’s most strategically sensitive energy input, not because of its scale—Serbia consumes far less gas than major European markets—but because of the country’s structural exposure to a single supplier, a single route, and a gas system deeply entangled with geopolitical pressures. What Serbia lacks in volume, it compensates with vulnerability. The gas sector is the quiet backbone of industry, district heating and municipal resilience, yet it is also the segment where Serbia’s dependence on external actors…