Serbia accelerates energy projects to secure supply and EU integration
Serbia is pushing ahead with major energy projects to boost security and integrate with European markets. The country has finalised key agreements for gas and electricity connections with neighbouring nations, aiming to diversify supply routes and strengthen regional cooperation.
Recent deals with Greece, Hungary, North Macedonia, and Romania mark a significant step in Serbia's long-term energy strategy. Serbia and Greece have agreed to deepen energy cooperation, focusing on regional supply security. As part of this, Srbijagas secured a 10-year contract for 300 million cubic meters of gas annually at Greece's LNG terminal in Alexandroupolis. This move will give Serbia access to more flexible gas sources.
On gas interconnections, Serbia is planning links with North Macedonia and Romania, with a combined capacity of over four billion cubic meters per year. The North Macedonia pipeline, set to carry 1.5 billion cubic meters, will begin construction in 2023 and should be operational by early 2028.
For electricity, Serbia has completed essential steps to couple its market with the EU, starting with Hungary. A verification process is now underway before full integration. Meanwhile, EKO Serbia, owned by HELLENiQ Energy, has ramped up imports of oil derivatives to stabilise fuel supplies in the local market.
Looking further ahead, Serbia aims to expand its renewable energy capacity to 3.5 GW by 2030. The goal is for renewables to account for 45% of the country's electricity production within the next decade. These developments will give Serbia more gas supply options and improve energy security. The electricity market coupling with the EU will also enhance cross-border trading and efficiency. Once completed, the new infrastructure will support both domestic demand and broader regional stability.
