- Category: Politics
- Published on Thursday, 16 November 2023 11:30
November 15, 2023
Serbian Mining and Energy Minister Dubravka Djedovic Handanovic signed Wednesday during her official visit to Baku a Memorandum of Understanding between the relevant ministries of Serbia and Azerbaijan, which deepens relations in the field of energy, and a commercial contract between the gas companies Socar and Srbijagas, which will enable deliveries of up to 400 million cubic meters of gas from Azerbaijan to Serbia by the end of next year, said the Serbian Government in a press release.
“Serbia and Azerbaijan have strategic cooperation thanks to their friendly relations and mutual respect between the two presidents, Aleksandar Vucic and Ilham Aliyev. Today’s signing of the Memorandum deepens the bilateral cooperation between Serbia and Azerbaijan in the field of energy and ensures the supply of gas from that country in quantities of up to 400 million cubic meters of gas per year until 2026, while a billion cubic meters of gas will be supplied after that,” the press release quoted the Minister as saying.
Djedovic Handanovic explained that, once the construction of the gas interconnection with Bulgaria is completed, which she said is expected in the coming days, Serbia will have Azerbaijan as another gas supplier.
The Minister added that the signed Memorandum opens up other opportunities for cooperation between the two countries, which concern the delivery of liquid natural gas through LNG terminals in Turkey and Greece, as well as potential cooperation on developing capacities for the construction of gas power plants and gas storage facilities.
Azerbaijani Minister of Energy Parviz Shahbazov said that with the help of strategically important documents signed on Wednesday, the basis for multilateral cooperation in the field of gas was established, including, for the first time, the delivery of gas from Azerbaijan to Serbia.