Serbian President Aleksandar Vucic said on Sunday he had agreed a new three-year gas contract with Moscow during phone talks with his Russian counterpart Vladimir Putin.
Apart from the gas contract, the two presidents also discussed the prospects of expanding gas storage facilities in Serbia, Vucic revealed. The price of gas will be tied to the price of oil, he explained, though he did not give any further detail, adding that these still have to be ironed out with Russian state-owned gas giant Gazprom.
“I cannot speak about the price now, all details will be agreed with Gazprom,” Vucic told reporters.
Later in the day, however, the Serbian president provided his estimates on the cost of the gas. “The price for gas will be 100% according to the oil formula, which means from 310 to 408 dollars per thousand cubic meters of gas, that is the price for 2.2 billion cubic meters of gas, convincingly the best price in Europe,” Vucic stated.
Moscow confirmed that gas supply was discussed during talks between Putin and Vucic, but did not provide any concrete details.