Gazprom to launch expansion of Serbian gas storage facility in 2018 - govt

The technical design of the project will be prepared by the end of this year, Serbia's energy minister Aleksandar Antic said following a meeting with Gazprom president Alexey Miller in Moscow, according to a government press release.

In June, Gazprom signed a memorandum of understanding with state-run gas distributor Srbijagas for the expansion of Banatski Dvor storage capacity to 750 million cubic metres from 450 million cubic metres.

Serbia's president Aleksandar Vucic said in July the country plans to increase the capacity of Banatski Dvor to 1 billion cubic metres in the long term.

Gazprom’s gas exports to Serbia rose by 31.7% on the year in the first nine months of 2017, according to the press release.

In 2013, Serbia signed a ten-year contract for Russian gas supplies. In 2016, Gazprom exported to Serbia 1.75 billion cubic metres of gas, a 4.3% increase over the previous year.