Serbia, Country will be able to store between 300 and 500 million cubic meters of gas in gas storages in Hungary

Serbian President Aleksandar Vucic said after the meeting with Hungarian Prime Minister ViktorOrban that Serbia will be able to store between 300 and 500 million cubic meters of gas in gas storages in Hungary, because Serbia has insufficient storage capacities.

President Vucic said that, at the moment, there are 162 million cubic meters of gas in Serbian part of Banatski Dvor storage, and another 123 million cubic meters in the Russian part. The withdrawal rate is five million cubic meters of gas per day, which is not enough during the winter, because Serbia’s daily consumption is around 15 million cubic meters. So it is important to utilize additional storage capacities in Hungary, said President Vucic, adding that Serbia plans to build another gas storage facility in Srpski Itebej.

Serbian authorities fear that the country will be left without gas supply in Europe decides to completely ban Russian gas imports or if Russia cuts the supply to Europe.

Earlier in May, President Vucic said earlier that negotiations on the new natural gas supply deal with Russian Gazprom will start after 10 May, adding that Serbia is 100 % dependent on Russian gas and 60 % on Russian oil.