Serbia has secured a three-month extension of its gas supply agreement with Russia, maintaining access to fuel under conditions that remain significantly more favorable than current European market prices.
The extension was confirmed following a phone conversation between Serbian President Aleksandar Vučić and Russian President Vladimir Putin. Under the renewed arrangement, Serbia will continue to purchase gas based on an oil-indexed pricing formula, which keeps prices at roughly half of prevailing market levels across Europe.
This pricing structure allows Serbia to keep its import costs well below those faced by many other European countries, providing a notable economic advantage amid ongoing volatility in energy markets.
The agreement also maintains a level of flexibility in supply. Alongside the baseline volumes, Serbia retains the option to procure more than 6 million cubic meters of gas per day if domestic demand increases.
The short-term extension gives Serbia additional time to ensure energy security while broader negotiations and regional market developments continue to unfold.
