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Serbia’s difficult break with Gazprom signals a new energy era

The gradual departure of Russia’s Gazprom from Serbia’s energy sector marks one of the most consequential economic and geopolitical shifts in the country since...

Serbia extends Russian gas deal as EU diversification pressure intensifies

Serbia has secured another short-term extension of its natural gas supply agreement with Russia, reinforcing the country’s continued dependence on Gazprom at a moment...

NIS ownership talks stall as geopolitics overrides market logic in Serbia’s energy sector

Efforts to resolve the ownership structure of Serbia’s oil and gas company NIS have slowed, as negotiations become increasingly shaped by geopolitical constraints rather...

Serbia–MOL talks over NIS highlight pre-ownership negotiation risks amid geopolitical pressure

Negotiations between MOL and the Serbian government over the future structure of Naftna Industrija Srbije (NIS) are exposing a structural paradox at the heart...

Serbia draws red lines around NIS as sanctions, Russian exit and MOL entry collide in a strategic energy reset

Serbia’s handling of the future of its national oil company NIS is rapidly emerging as one of the most sensitive economic and geopolitical negotiations...

SOCAR, NIS and the reshaping of energy power dynamics in South-East Europe

The prospect of SOCAR entering Serbia’s flagship energy company Naftna Industrija Srbije (NIS) in place of MOL Group is not a routine M&A scenario. It sits at the intersection of geopolitics,...

NIS valuation shock builds as Hungary election result reshapes deal dynamics

Serbia’s oil and gas company NIS has effectively “repriced overnight,” not through market trading, but through a sharp shift in geopolitical and transaction risk...

MOL takes over NIS: What Hungarians will do differently from Russians

Hungary’s MOL Group is prepared to take majority ownership of Naftna industrija Srbije (NIS) after reaching an agreement with the current Russian owners, but...

Serbia may let NIS fail, leaving a dysfunctional entity for Gazprom

The future of the Serbian Oil Industry (NIS) appears to be heading in a direction few are acknowledging. Vladan Pavlović, an analyst at IPOPEMA...

U.S. sanctions on Serbian Oil Industry highlight risks of privatization and energy dependence

Since January 10, when the U.S. first announced sanctions on the Serbian Oil Industry (NIS) due to Gazprom Neft’s majority ownership, the case has...

Gazprom share transfer to subsidiary leaves Serbian oil company ownership unchanged

The transfer of Gazprom’s shares to its subsidiary Intelligence does not change the actual ownership structure of the Petroleum Industry of Serbia (NIS), economists...

Serbia to extend gas supply agreement with Russia – no price hike for households

A new long-term gas agreement with Russian company Gazprom is set to be signed next month, extending the current contract for Russian gas supply...

Gazprom transfers 11.3% of NIS shares to subsidiary amid U.S. sanctions uncertainty

Russian company Gazprom has transferred 11.3% of its shares in Serbia’s Naftna Industrija Srbije (NIS) to its wholly-owned subsidiary, Intelligence, based in Saint Petersburg....

Serbia seeks new long-term gas supply deal with Gazprom, explores peaceful nuclear energy cooperation with Russia

Minister of Mining and Energy, Dubravka Đedović Handanović, held talks with the Russian Ambassador to Serbia, Alexander Botsan-Kharchenko, focusing on joint projects and initiatives...
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