natural gas supply agreement

Serbia Extends Natural Gas Agreement with Russia Amid EU Energy Transition

Serbia has secured a short-term extension of its natural gas supply agreement with Russia, further highlighting the nation's reliance on Gazprom as the European Union intensifies its efforts to reduce Russian energy imports. This latest agreement, reached between Serbian President Aleksandar Vučić and Russian President Vladimir Putin, prolongs existing supply arrangements for an additional three months under what Belgrade has termed "very favorable conditions." The extension maintains critical pricing and delivery structures that are vital for Serbia's economy during a…