MOL

Serbia Approaches September 30 Energy Deadline for Russian Gas and NIS Licence

Serbia is approaching a key energy deadline with both its current Russian gas supply arrangement and the U.S. sanctions waiver allowing NIS to continue operating due to expire. The overlapping deadlines come as Serbia prepares for winter and seeks to reduce its exposure to disruptions in Russian energy supplies. The approaching expiry of the gas arrangement and the OFAC licence for NIS have again placed Russian hydrocarbons at the centre of Serbia’s energy policy despite investments in alternative gas routes,…