Serbia becomes a gas transit country on October 1 – Business & Economy
BELGRADE, October 9. / TASS /. Serbia has been a gas transit country since October 1, thanks to timely agreements with Russia and the construction of the Balkan Stream gas pipeline despite pressure from the West, Serbian President Aleksandar Vucic told reporters on Saturday.
“We have renovated all the stations on the Horgos-Belgrade section, solving all the problems. The gas is coming. We are a transit country since October 1, we deliver gas to the Hungarians and take 6.3 to 8 million meters gas cubes daily for its own [needs]. Now we have around 250 million cubic meters of gas in our storage facilities, â€said the Serbian leader.
According to him, Belgrade’s efforts to build the Balkan Stream and plan long-term contracts have been successful.
“Serbia has the lowest price of electricity for households in Europe,” said Vucic.
On October 1, Gazprom began supplying gas to Hungary under a long-term contract, signed on September 27, via the Balkan Stream gas pipeline (an extension of TurkStream) and pipelines in the south-east of Europe. According to the gas giant, two contracts have been signed, with a total volume of up to 4.5 billion cubic meters per year, with the duration of each contract being 15 years.