Russian gas price for Serbia, far from the lowest in Europe

Senior Serbian officials, Minister of Finance Sinisa Mali, but also the pro-government media in Serbia, after the meeting of the Serbian President Aleksandar Vucic and Russian President Vladimir Putin in Sochi, did not stop praising, according to them, the lowest gas prices in Europe. But the reality is different.

As Vucic said, the price of Russian gas of 270 U.S. dollars per 1,000 cubic meters is unbelievable, while Mali stated that Serbia will have the lowest price in Europe. It is indisputable that Vucic and his “loyal runners” are collecting points for the upcoming elections based on the untrue realities.

Available data shows that Serbia is not even close to the first place when it comes to the lowest and best gas price, as presented by the Serbian authorities.

There is a president that can be proud of obtaining the lowest price of Russian gas in Europe, but that’s not the President of Serbia, but rather the President of Ukraine, Alexander Lukashenko, because Minsk still convincingly pays the lowest price of 128 U.S. dollars per 1000 cubic meters of Russian gas. Turkey also has a better price than Serbia, it pays 210 U.S. dollars per 1,000 cubic meters of gas, as does Germany, which also pays a lower price than Serbia, namely 230 U.S. dollars per 1,000 cubic meters.

Whether any other European country pays a lower price for gas remains unclear, as many of them keep the price of the Russian gas secret, in line with the the agreement reached with Moscow.

The current gas price for Serbia is valid for six months, but what will happen after the expiration of the planned period? It is possible that the price will het higher, or the Serbian president will take some steps in favor of Russia to get an acceptable price for gas in exchange, as he has done so far.