Anticipation Builds: Serbia Set to Commence LNG Imports from Greece

by Cristian Florescu


According to Dubravka Đedović Handanović, the Serbian Minister of Mining and Energy, the recent establishment of a gas interconnector with Bulgaria has granted Serbia access to natural gas reserves in the Caspian region and the liquefied natural gas (LNG) terminal located at the Greek port of Alexandroupolis. Consequently, Greece has emerged as a significant ally in the gas supply sector for Serbia.

During the Serbia-Greece business forum in Belgrade, Đedović Handanović announced that Serbia has finalized agreements for the delivery of 300 million cubic meters of gas annually from the LNG terminal in Alexandroupolis. The terminal is anticipated to be fully operational soon.

According to a statement from the Ministry of Mining and Energy, Đedović Handanović stated that Serbia has agreed with Azerbaijan to receive annual gas supplies of up to 400 million cubic meters until 2026. Additionally, the quantity of gas can be increased threefold after the termination of the current agreement.

Regarding the gas interconnections in the region, it was noted that two additional pipelines are scheduled for construction, connecting North Macedonia and Romania. These projects are expected to be finalized before the commencement of the EXPO 2027 exhibition in Belgrade. In addition to enhancing gas supply diversification, these forthcoming interconnections will bolster Serbia’s role as a transit hub. The completion of the Balkan Stream has elevated Serbia’s significance as a key supplier of gas to nations in Central and Eastern Europe, as highlighted by Đedović Handanović.

According to Đedović Handanović, Serbia intends to make significant investments in its energy infrastructure in the coming years and is willing to engage in discussions with interested parties regarding participation in development initiatives. Additionally, Handanović mentioned Serbia’s ongoing efforts to diversify its oil supplies, as it currently heavily relies on the Adria oil pipeline, also known as JANAF.

In the year 2027, Serbia and Hungary are set to collaborate on the construction of a 128-kilometre oil pipeline, aimed at enhancing the supply security for Serbia’s refineries and market. Additionally, Serbia is contemplating establishing a connection with oil reserves in Greece via North Macedonia.

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