The Minister of Mining and Energy, Dubravka Đedović Handanović, announced that Serbia will ensure safe deliveries of approximately one million cubic meters of gas from Azerbaijan during the upcoming winter, enhancing the country’s energy security, according to the Ministry of Mining and Energy.
Đedović Handanović made this statement following a bilateral meeting with Azerbaijan’s Minister of Energy, Parviz Shahbazov. During this meeting, they signed a Memorandum of Understanding to foster cooperation in the green energy sector. Additionally, two gas supply agreements were established between “Srbijagas” and the Azerbaijani company “SOCAR”.
“Serbia and Azerbaijan maintain a strategic partnership, supported by the friendly relations and mutual respect between our presidents, Aleksandar Vučić and Ilham Aliyev. Beyond excellent political ties rooted in shared interests, our economic cooperation has significantly improved, particularly in the energy sector,” Đedović Handanović stated.
She noted that previous agreements signed in Baku last year allow Serbia to receive up to 400 million cubic meters of gas annually from Azerbaijan until 2026, with potential increases to one billion cubic meters thereafter.
“The contracts signed today ensure that Serbia will receive one million cubic meters of gas per day from Azerbaijan from November 1 to March 31, providing additional security in our gas supply for the winter,” she added.
With the signing of today’s Memorandum, energy cooperation has expanded to include green energy initiatives.
“This agreement opens up extensive opportunities for collaboration in the energy transition process, including joint investments in green technologies, carbon capture and storage, e-mobility, and energy storage, thereby enhancing the comprehensive and strategic nature of our energy partnership,” Đedović Handanović emphasized.
The bilateral meeting also covered the Green Energy Corridor, which aims to connect Azerbaijan with Central and Eastern Europe. “Serbia’s geographical position allows it to play a crucial role in this project, particularly as we plan to strengthen transmission connections with Romania, Hungary, and Bulgaria. The completion of the Trans-Balkan Corridor will further bolster transmission capacities to Bosnia and Herzegovina and Montenegro, extending indirectly to Italy,” the minister explained.
Azerbaijan’s Minister of Energy, Parviz Shahbazov, highlighted the progress in energy cooperation between the two nations in recent months, noting that the signed agreements facilitate increased gas deliveries and expanded collaboration in the energy transition.
“We also discussed Serbia’s potential role in the Green Corridor between the Caspian region and Southeast Europe, as Serbia borders three participating countries and can serve both as a user and a transit nation,” Shahbazov remarked.
The meeting also addressed the upcoming UN climate change conference (COP29) in Azerbaijan, where numerous initiatives crucial for the global energy transition will be launched.
