Gazprom Signs Gas Contract with Serbia Through 2021

Bloomberg reported that Gazprom signed the first long-term gas contract with Serbia, to run through 2021, as Gazprom considers investing in gas-fired plants there.

As quoted in the market report:

  The first long-term contract with Serbia brings a 13 percent price cut from previous annual contracts, Alexei Miller, Gazprom’s chief executive officer told reporters in Belgrade today. Deliveries of about 1.5 billion cubic meters of gas a year would grow by 3.9 billion cubic meters when the Serb section of the Russia-backed South Stream gas pipeline is completed in 2016, he said.

To view the whole Bloomberg report, click here.