img
White City, 10°C
Time Logo
  • Sign up
  • Subscription
0
  • Newest
  • Politics
  • Economy
  • Society
  • The World
  • 2026 Elections
  • Culture
  • Mozaik
  • Comment
  • Printed edition
  • Archive
  • Newsletter
  • Podcast
  • Newest
  • Politics
  • Economy
  • Society
  • The World
  • 2026 Elections
  • Culture
  • Mozaik
  • Comment
  • Printed edition
  • Archive
  • Newsletter
  • Podcast

Latest Edition

Add to cart

Gas arrangement

Why is Russia again keeping Serbia "on a short leash" with gas?

February 11, 2026, 12:46 am Marija L. Jankovic
Gas pipeline Photo: AP/Dmitry Lovetsky, File
Russian gas
Copied

Once again, Serbia has to wait until the last moment for an agreement on Russian gas. The short-term gas arrangement expires on March 31, and if there is an extension, it will again only be for six months

It took three years for Serbia to receive Russian gas under favorable conditions - at least that's what Aleksandar Vučić claimed in September 2025, during the grandiose military parades in Beijing. It is the same event during which those photos of him were recorded Vučić at the very end of the column of statesmen.

He showed that the Republic of Serbia is at the end of each column to his friends from Russia short-term gas agreement, which was achieved with a big delay and only until March 31, 2026. And we still don't officially know about the future, because nothing has been signed yet, and no one even mentions agreements that are measured in years.

We will "probably" get gas

General Manager of Srbijagas Dusan Bajatovic he stated that the contract for the purchase of Russian gas "will probably be extended for another six months" and stated that the price of gas for households will not be changed, as well as that Serbia has enough of this energy until the end of the heating season.

Bajatović admitted that the long-term gas supply contract that Serbia has with Russia is being annexed, but that there are many problems - from European sanctions to problems with payment transactions and similar things that, as he stated, are not so easy to solve.

"We will probably have an extension of the long-term contract for the next six months," Bajatović told RTS.

Vojislav Vuletić, from the Serbian "Gas Association", tells "Vreme" that "Bajatović should be trusted."

"Bajatović is pressing that directly with Gazprom, and all that is needed is a signature, which is a fairly simple task," says Vuletić, who heads the Association that has been supporting and fueling pro-Russian energy tactics for decades.

However, it is obvious that everything about gas changed in the agreement with the Russians, at the moment when the problem with the Oil Industry of Serbia broke out.

These two deals, the agreement regarding cheaper blue energy in exchange for everything that Serbia has done for Russia by selling NIS, have been going side by side for decades. Until now, Russia, with cheaper gas to Serbia, made the decision that its economic loss is less significant than the political one, but that may change.

The price at which we paid gas to the Russians until now was between 420 and 600 euros for 1.000 cubic meters.

There is no room for independence.

The main question is how it will be next winter, although Bajatović claims that we have stock.

"What will happen now, our contract from March onwards due to large stocks, practically until the month of October, will be six million cubic meters per day, not ten because we cannot fill Banat Palace", said Bajatović.

However, what is kept in the Banat Palace is absolutely insufficient for Serbia to last, for example, a year. Because the current capacity of this underground storage is 450 million cubic meters of gas, and Serbia needs 3,2 billion cubic meters in one year.

As if to spite, neither Bajatović nor the Russians are too interested in expanding this capacity, even though it has been talked about for decades. If that were done, we could save more blue energy and be economically, but crucially politically, independent for longer.

Tags:

Gas arrangement Rusija gas Energy Industry
Copied

In between

What is happening in the country and the world, what is in the newspapers and how to pass the time?
Every Wednesday at noon In between arrives by email. It's a pretty solid newsletter, so sign up!

More from the Economy section

Analyze

10.November 2026 Anja Mihic

The fate of Idea Market: Restructuring, bankruptcy or sale?

Idea markets have been operating at a loss for years, and the arrest of the new owner, Davor Matsura, further shook the company. Her survival is uncertain

Drexler Zrenjanin

Economy

10.November 2026 BM

The companies announced their withdrawal from Serbia even earlier, but the students did not drive them away

While government representatives talk about the possible exodus of foreign investors after political changes, companies explain to N1 why they are reducing production or closing certain plants. Among the reasons are the crisis of the European automobile industry and the drop in demand

Economist Šoškić

Economy

10.November 2026 BM

Šoškić: NBS could have prevented the collapse of Alta banka, citizens will pay the price

Citizens will indirectly pay the price of the collapse of Alta banka, responsibility for failures in its control should be the subject of an investigation, said Dejan Šoškić. The former governor of the NBS also said that the exchange rate of the dinar will remain fixed, and that the nationalization of the NIS is not an option he supports.

Newspaper Dnevnik

News

09.November 2026 RV

Millions from the budget did not save "Dnevnik": Media megaphone of SNS close to financial collapse

How did "Dnevnik" from Novi Sad, which for years received millions from the budget, come to the brink of survival? The publisher of the newspaper is facing blocked accounts, delayed salaries and debts that are measured in hundreds of millions of dinars

Surcin

News

09.November 2026 BM

Installation in the National Stadium in Surčin: What is hidden behind the missed deadlines and secret contracts?

The National Stadium in Surčin was supposed to be completed by the end of 2026, but the deadlines are moving, and the budget implementation shows serious deviations. Construction engineer Danijel Dašić tells Vreme that the project has been stalled for months and that all contracts will have to be reviewed.

Comment
Victory, Celebration

Comment

In the beginning was virtue.

At the moment when the institutions of the Republic are destroyed, when Vučić's octopus is still alive, when people are disgusted by the injustice and the stench left behind by the Essenes regime, we have, as Machiavelli said, only civic virtue as the fuel with which we can return to the beginning

Ivan Milenkovic
Session of the Council of the Regulatory Body for Electronic Media

Comment

REM: Praise for perseverance

The four independent members of REM are an example of perseverance and civic responsibility. Rodoljub Šabić even, upon leaving the premises of REM, after the sentencing of the Informer, experienced that the Essenes insulted him, hit him with their hands and feet. But that too will soon be over

Ivan Milenkovic

Comment

Vučić's pardons: It is time to abolish the sultan's powers

Vučić pardoned the batterers and Dijana Hrkalović. The election winners should abolish the sultan's power that allows one man to run afoul of the entire judicial system

Nemanja Rujevic
See all
Time 1870
Last edition

Time explores: The construction of the St. Sava Temple

Did the money paid by the Government to SPC end up in Moscow through Alta Bank? subscribe
Interview: Military analyst Aleksandar Radić

A security war against one's own people

BIA after political changes

How to safely dismantle the party's secret police

System breakdown

Arrests, resignations and other signs of life

Contemporary opera

Circus of impossible belonging

See all

Archive

The archive of the weekly Vreme includes all our digital editions, since the very beginning of our work. All issues can be downloaded in PDF format, by purchasing the digital edition, or you can read all available texts from the selected issue.

See all
Time 1870 04.11 2026.
Time 1869 28.10 2026.
Time 1868 21.10 2026.
Time 1867 14.10 2026.
Time 1866 07.10 2026.
Time 1865 30.09 2026.
Time 1864 23.09 2026.
Time 1863 16.09 2026.
Time 1862 09.09 2026.
Time 1861 02.09 2026.
Time 1860 26.08 2026.
Time 1859 19.08 2026.
Time Logo
  • Editorial office
  • Subscription
  • Marketing
  • Terms of use
  • Newsletter
  • Projects
Follow us:

© 2026 Time, Belgrade. Developed by cubes

Mastercard Teacher visa Dina American Express Understanding WSPAY Visa-Secure Mastercard Secure