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Oil / Natural Gas / Green Energy

Will the renewal of the Serbia-Russia gas deal prolong Moscow’s energy dominance in Europe?

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Serbian Deputy Prime Minister Aleksandr Vulin hinted during the Eastern Economic Forum in Russian Vladivostok in September that Moscow and Belgrade need to solve issues related to the gas supply contract set to expire in 2025. Despite Western sanctions, Russia still plays a crucial role in supplying Serbia with natural gas “on time and based on very good conditions”, the Serbian minister said.

Although the continuing Russian gas supplies to Europe pose a serious dilemma within the region, some EU member countries like Hungary, Slovakia, Austria, and non-members like Serbia do not hesitate to maintain energy partnerships with Moscow.