Million cubic meters of gas per day this winter from Azerbaijan to Serbia – Memorandum of Understanding on cooperation in field of green energy signed

During the upcoming winter, Serbia will be able to count on certain deliveries of around a million cubic meters of gas from Azerbaijan, said the minister of mining and energy of Serbia, Dubravka Djedovic Handanovic, and added that it would increase the country’s energy security.

Djedovic Handanovic stated that following the bilateral meeting with the minister of energy of Azerbaijan, Parviz Shahbazov, with whom she also signed the Memorandum of Understanding on cooperation in the field of green energy between the two ministries, the ministry announced.

Yesterday, two gas supply agreements were also signed, between Srbijagas and the Azerbaijani company Socar.

The ministry reminded that, the year before, in Baku, cooperation agreements were signed between the competent ministries and gas companies, which envisage Serbia getting up to 400 million cubic meters of gas a year by 2026 from Azerbaijan, after which the quantities might increase to a billion cubic meters.

– The agreements signed today between Srbijagas and the Azerbaijani Socar enable Serbia to have additional security in gas supply during the upcoming winter, because we will certainly be able to count on a million cubic meters a day from Azerbaijan between November 1 and March 31 – said Djedovic Handanovic.

She emphasized that the signing of the Memorandum expanded the cooperation in energy to the field of green energy too.

– This document opens wide possibilities for cooperation in the process of energy transition, including joint investments in green energy, the implementation of new green technologies, technologies of harvesting and storing carbon, e-mobility, energy storage and other fields – said Djedovic Handanovic.

One of the topics at the bilateral meeting was also the Green Energy Corridor which will connect Azerbaijan with the countries of central and eastern Europe.

– In that project, Serbia could potentially have an important place, primarily due to its geographic position, because we are planning to strengthen the interconnections on the transmission network with Romania, Hungary and Bulgaria in the coming years, and with the completion of the Trans-Balkans Corridor, we will strengthen the transmission capacities toward Bosnia and Herzegovina and Montenegro as well, and also toward Italy, indirectly – the minister said.

The minister of energy of Azerbaijan, Parviz Shahbazov, said that, in the preceding months and years, the cooperation of the two countries in the field of energy had progressed considerably and emphasized that the signed documents enabled a further increase of gas deliveries from Azerbaijan, as well as an expansion of cooperation in the field of energy transition.

– We also discussed the possibility of Serbia becoming a part of the Green Corridor between the Caspian Region and Southeast Europe, since Serbia already borders three countries which take part in the project and could have the role of both a user and a transit country – Shahbazov said.

Ministarstvo rudarstva i energetike Republike Srbije

JP Srbijagas Novi Sad

Ministry of Mining and Energy

Ministry of Energy of Azerbaijan

Srbijagas

Socar

Dubravka Đedović Handanović

Parviz Shahbazov

gas from Azerbaijan

Memorandum of Understanding on cooperation in the field of green energy

Green Energy Corridor