Serbia: Srbijagas to unbundle activities under pressure from Energy Community

Published on 27. May 2015., News Serbia Energy

Director General of Srbijagas Dusan Bajatovic said that, in the process of restructuring, Srbijagas would establish two new entities.

He pointed out that the new companies would be fully owned by the public enterprise.

“This is not about ownership deleveraging, but it is a legal deleveraging two parts of the company”, said Bajatovic.

He pointed out that an agreement was reached and it was received confirmation on Srbijagas restructuring from the European Energy Community and the Energy Community of South East Europe.

“It will be singled out transportation and gas distribution, including gas trading”, said Bajatovic.

He added that the gas storage facility in Banatski Dvor and investments, which that company is realizing now with the state of Serbia, will remain a separate legal entity.