Dec. 21 (Bloomberg) -- 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.
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