The Serbian Government terminated the ban on natural gas exports which was introduced last au- tumn.
The Government introduced the natural gas export ban in mid-October, to be valid until the end of the month. The decision was made in order to prevent the threat of a critical shortage of natural gas caused by a disruption in the global energy market. However, the ban was extended on several occasions.
Earlier, the Energy Community Secretariat said that it found that such ban constituted a violation of the Energy Community Treaty’s provisions and required termination.
Serbia is 100 % reliant on Russian natural gas supply, but with the completion of the construction of gas interconnection with Bulgaria, which is expected in September 2023, the country could import natural gas from the Caspian region, as well as through several liquefied natural gas (LNG) terminals in the Mediterranean.