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In 2008, the Russian company Gazprom Neft became the majority shareholder, pursuant to the "Sales and Purchase Agreement" between the Republic of Serbia and the Russian Federation on the purchase of 51% of shares for €400 million and €550 million in investments until 2012. [4]
Gazprom began shipping gas via TurkStream, including to Bulgaria and North Macedonia, on 1 January 2020, replacing supplies via the Trans-Balkan pipeline through Ukraine and Romania. [12] The pipeline was inaugurated on 8 January 2020 by presidents Putin and Recep Tayyip Erdoğan .
In a 2022 IEA commentary, it was noted that Serbia relies entirely on Russian gas imports. The country signed a three-year contract with Gazprom in May 2022 for 2.2 billion cubic meters annually. The anticipated Bulgaria-Serbia interconnector, offering 1.8 billion cubic meters per year from Bulgaria, is expected to diversify Serbia's gas ...
The current oil production in Serbia amounts to over 1.1 million tons of oil equivalent [77] and satisfies some 43% of country's needs while the rest is imported. [78] National petrol company, Naftna Industrija Srbije (NIS), was acquired in 2008 by Gazprom Neft.
Hydraulic fracturing [a] is a well stimulation technique involving the fracturing of formations in bedrock by a pressurized liquid. The process involves the high-pressure injection of "fracking fluid" (primarily water, containing sand or other proppants suspended with the aid of thickening agents) into a wellbore to create cracks in the deep rock formations through which natural gas, petroleum ...
Balkan Stream is a pipeline which transports Russian natural gas from Turkey to Bulgaria, Serbia [1] and Hungary. [2] [3] It is an extension of Turk Stream.[4] [5] Annual capacity is almost 16 bcm from Turkey [6] and 1.8 bcm onwards to Serbia.
In Kosovo, a state-owned energy company plans to destroy a village to make way for expanded coal mining as the government and the World Bank plan for a proposed coal-burning power plant. The government has already forced roughly 1,000 residents from their homes. Many former residents claim officials violated World Bank policy requiring borrowers to restore their living conditions at equal or ...
€435.73 million (2018) [1] Net income. ... YugoRosGaz a.d. is a Serbian natural gas ... As of 13 May 2024, YugoRosGaz is owned by Gazprom (75%) and Srbijagas