BAKU, Azerbaijan, July 25. State Oil Company of Azerbaijan (SOCAR) and Srbijagas have agreed to expand cooperation, in addition to negotiating oil supply increase from Azerbaijani to Serbia, SOCAR Deputy Vice President Vitaliy Baylarbayov said, Trend reports.
He made the announcement during the eighth session of the Intergovernmental Commission (IGC) on trade and economic cooperation between Azerbaijan and Serbia in Baku.
He recalled that Serbia has been receiving Azerbaijani gas regularly since January 2024, based on the contract signed between SOCAR and Srbijagas in November 2023.
The supply of Azerbaijani gas to the Türkiye-Bulgaria-Serbia system is regular.
Based on this agreement, Serbia can regularly receive up to 400 million cubic meters of gas per year (peak annual volumes) from Azerbaijan through Bulgaria via the new Bulgaria-Serbia Interconnector (ISB) until 2026.
The volume amounted to about 20 million cubic meters in the first six months.
As it became known to Trend, SOCAR also assisted Serbia in leasing capacity at the Greek liquefied natural gas terminal.