Today: Sunday, 27 November 2022 year

Serbian President Vučić said that the price of gas would rise to $5,000 in winter

Serbian President Vučić said that the price of gas would rise to $5,000 in winter

He noted that currently low gas prices are kept on the stock exchange due to low consumption in the summer. However, the Serbian leader expressed fears that with the onset of winter, its cost could rise five times.

“Now the price on the TTF exchange is about $960 (63.7 thousand rubles) for one thousand cubic meters of gas, but this is because [it is] summer and consumption is low. When winter comes, I’m afraid that gas will rise in price to 3.5 thousand, and maybe even up to 4-5 thousand dollars (up to 265.6-332 thousand rubles),” Vucic said.


Earlier in May, Russian and Serbian Presidents Vladimir Putin and Aleksandar Vucic had a telephone conversation during which they agreed on an uninterrupted supply of Russian natural gas to Serbia. Vučić called the price for the volume of 2.2 billion cubic meters needed by the state “the most favorable in Europe.”