SOCAR, Srbijagas sign deal to supply Serbia with up to 400 mcm of Azerbaijani gas in 2024

BAKU. Nov 15 (Interfax) - The State Oil Company of the Azerbaijani Republic (SOCAR) and Srbijagas signed an agreement on Wednesday on the supply of Azerbaijani gas to Serbia.

The Azerbaijani Energy Ministry said Energy Minister Parviz Shahbazov and Serbian Mining and Energy Minister Dubravka Djedovic Handanovic signed the agreement following a meeting in Baku.

"Serbia has become Azerbaijan's new partner in the European gas market's diversification. Serbia will become the eighth buyer of Azerbaijani gas thanks to the supply [under the new agreement] of up to 400 million cubic meters of gas per year from Azerbaijan," Shahbazov was quoted as saying.

Djedovic Handanovic said the agreement envisaged the supply of up to 400 mcm to Serbia in 2024 with the possibility of increasing these volumes in subsequent years.

The Energy Ministry said that following the meeting, the ministers signed a memorandum between the Azerbaijani Energy Ministry and Serbian Mining and Energy Ministry to promote cooperation between SOCAR and Srbijagas.