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Serbia’s General Director of Srbijagas: No increase in gas prices for households until year-end

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Dušan Bajatović, General Director of Srbijagas, announced that there will be no increase in gas prices for households in Serbia for the remainder of the year. He also indicated that only minor adjustments are expected for industrial gas prices, despite fluctuations in oil prices.

Bajatović assured that Serbia’s gas supply remains secure, with the Banatski Dvor storage facility operating at full capacity.

“There will be no rise in gas prices for households. Any potential increases for the industrial sector will be minor unless there is a major conflict in the Middle East, such as between Israel and Iran. Currently, oil prices have decreased from $94 to $85 per barrel, which is favorable. With our oil price formula and current rates on the TTF gas exchange, the cost is approximately $390 per 1,000 cubic meters,” Bajatović said in an interview with Prva.

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Regarding gas reserves, Bajatović highlighted that Hungary has reserved 163 million cubic meters of gas for Serbia from last year’s supplies.

“Everything is paid for, so we don’t anticipate problems with supply quantities. The industry price will remain stable, and there will be no changes for households until the end of the year. We hope to maintain this stability throughout the heating season. This is encouraging news for gas consumers,” Bajatović concluded.

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