Serbia, Government adopted the decree on the temporary measure of limiting the price of gas

, News Serbia Energy

The Government of Serbia adopted the decree on the temporary measure of limiting the price of gas and compensating for the difference in the price of natural gas procured from imports or produced in Serbia in case of disturbances on the natural gas market.

The statement from the Government said that the goal of the decree is to eliminate the consequences of the increase in the price of natural gas as a way to mitigate the consequences of the energy crisis, and in order to protect the economy and citizens.

In order to ensure a normal supply of natural gas to all consumers, it is necessary to ensure the right to compensation for the difference in the price of natural gas purchased from imports and the price of natural gas from November 2021. This also applied for natural gas produced in Serbia.

The Government initially capped natural gas prices at the November 2021 level in mid-March, for a period of two months.

Serbian President Aleksandar 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.