President Vucic: Serbia buys Russian gas at a fantastic price of €800 million Serbia agreed in advance with Russia to buy gas at very favorable terms, otherwise the country would now go bankrupt, Vucic said. He specified: Belgrade pays Moscow $400 per 1,000 cubic meters. m, and now the minimum price is $4,000. width: 320px) and (-webkit-min-device-pixel-ratio: 2), (max-width: 320px) and (min-resolution: 192dpi)” >
Serbia buys Russian gas at “fantastic” value, otherwise the republic was waiting for bankruptcy. This was stated by Serbian President Aleksandar Vučić during an address to citizens, Pecat reports.
The President indicated that Serbia annually consumes 3.2 billion cubic meters. m of gas, of which 2 billion cubic meters. m are exported from Russia. The average cost of Russian fuel— $400 per 1 thousand cubic meters m. Thus, Serbia pays for this volume €800 million. The remaining volume of 1.2 billion cubic meters. m of gas would cost Serbia €4.8bn. Vučić pointed out that the annual budget of the entire republic is €13.5bn.
“That would mean bankruptcy. We were lucky that we bought gas earlier, as if we knew,— emphasized the President of Serbia.
The day before, he said that no country in Europe would be able to withstand the current gas prices. “We are facing problems this winter, or rather, already this autumn, because of the conflict in Ukraine, because of what is already impossible to describe. Already today, when buying gas, you cannot buy it cheaper than for $4,000.»,— he explained. At the end of July, Vučić declared a de facto state of emergency in Serbia due to problems in the energy sector.
In May, the old contract between Serbia and Gazprom expired, according to which fuel was supplied at $270 per 1,000 cubic meters. m of gas. Vučić called this cost “incredible”, which is why the head of Srbiyagaz Dusan Bajatović “literally jumped for joy, because he could not even think that this was possible.”
Commenting on the possible cost of gas in the new contract, Vučić said that he was ready to agree to $400, noting that before it would have seemed undesirable to him, but under the new conditions he “would have signed such a price with both hands.”
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In late May, Russian President Vladimir Putin assured Vučić that the republic would continue to receive gas without interruption. The parties signed an agreement under which Serbia will pay from $310 to $408 per 1,000 cubic meters. m of gas in the next three years. Vučić called the cost “very profitable.” Previously, he feared that the price of the oil formula could range from $450 to $619.
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