Serbian Energy Sector in a Gap Between East and West
Dejan Brkić
Abstract:Serbia's energy sector is heavily reliant on Russian influence. On the other hand, Serbia's status as a candidate country for joining the European Union (EU) membership requires active working toward diversifying energy sources of supply. In the past decade, Serbia has secured a reduced price for natural gas through a bilateral agreement with Russia, addressing the shortfall in its domestic production. The former agreement priced Russian gas at US$270 per thousand cubic meters and expired in 2021. The new deal… Show more
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