Supply & Demand

Russia to scrap ban on re-exporting gas supplied to Serbia

Russia and Serbia are scrapping a clause from an intergovernmental agreement banning the resale of Russian gas
By Staff reporter 18 December 2017 0 28820

Russia and Serbia are scrapping a clause from an intergovernmental agreement banning the resale of Russian gas. Russian Prime Minister Dmitry Medvedev approved the new text on 14 December.

The ban on re-exports has been deleted in practically all of Gazprom’s export contracts at the request of the European Commission.

In an attempt to answer complaints from the commission regarding market competition, Gazprom has also pledged to get rid of direct and indirect restrictions that prevent the company’s clients from reselling gas abroad or that make it...