Serbia is nearing the completion of a new long-term natural gas supply agreement with Russian company Gazprom, with only a few details remaining to be finalized. Energy Minister Dubravka Djedovic highlighted that Russian gas played a crucial role in ensuring uninterrupted deliveries to households and industry during the peak of the energy crisis. She emphasized that Russia remains a long-standing and significant energy partner for Serbia.
Work has also started on expanding the Banatski Dvor underground gas storage facility, a project considered vital for strengthening Serbia’s energy security amid changing geopolitical conditions.
On the oil front, a key priority is the planned Serbia-Hungary pipeline, which aims to connect Serbia to the Druzhba network and provide an additional import route, supported by both the Russian and Hungarian governments. Hungary has pledged an investment of 320 million euros over three years to construct the cross-border pipeline, which is expected to have a capacity of around 5 million tons per year. The feasibility study outlines roughly 180 kilometers of new pipeline in Hungary and 120 kilometers in Serbia, along with a metering and control station at the border.
The pipeline route would link MOL’s Szazhalombatta refinery to Algyo in southern Hungary, then extend to Novi Sad in Serbia. The project would position Hungary not only as a consumer but also as a transit country for crude oil, while expanding Serbia’s supply options. The Szazhalombatta refinery mainly processes Russian crude delivered via the southern branch of the Druzhba pipeline.