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EU: Serbia should rework gas deal with Gazprom says energy watchdog

By  |  January 16, 2017

Serbia should renegotiate its long-term gas supply deal with Russia’s Gazprom to align it with European gas market rules, a body in charge of extending the EU’s energy policy to would-be member states said on Monday.

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    In 2011 Serbia agreed to a 10-year deal to import natural gas from Gazprom at a discounted price under which Gazprom will deliver 5 billion cubic meters (bcm) of gas per year to Serbia, or more than double its current annual needs.

    “The agreement concerned should be renegotiated to remove the illegal destination clause,” Janez Kopac, who heads the Energy Community – an international body established by the EU and eight aspiring member states, told Reuters.

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