Azerbaijan's gas flows to Serbia suspended, Serbian president says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 11 2025
0mins
Source: Reuters
Gas Supply Interruption: Gas flows from Azerbaijan to Serbia have been halted due to force majeure, with Serbian President Aleksandar Vucic stating that it is uncertain when they will resume. Serbia will begin utilizing its gas reserves in the meantime.
Dependence on Russian Gas: Serbia aims to reduce its reliance on Russian gas as it prepares to purchase 400 million cubic meters annually from Azerbaijan starting in 2024, amidst new U.S. sanctions affecting Russian ownership of Serbian oil company NIS.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
