Serbia Looks to More Than Double Russian Gas Imports in Contract

Serbia plans to sign a new 10-year contract with OAO Gazprom for natural gas from Russia that will eventually more than double imports to 5 billion cubic meters a year, state-run Srbijagas said.

The Balkan nation currently imports about 2 billion cubic meters a year and the increase is based on an anticipated rise in demand because of investments in the chemical industry and gas-fired power plants, Srbijagas said today in a statement on its website.

The new arrangement may take effect next year, Director General Dusan Bajatovic was quoted in the statement as saying.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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