Serbia is once again on shaky ground when it comes to gas and oil supply! The general director of Srbijagas, Dušan Bajatović, admitted that a new gas deal with Russia has been negotiated but will not be signed before September 20. Azerbaijan currently does not have enough gas to help Serbia, complicating the market situation further. To make matters worse, sanctions on Serbia’s oil industry, specifically the company NIS, have been postponed again – for the fourth time! The US sanctions that could have threatened Serbia’s supply of oil derivatives have been delayed until July 29, and NIS has submitted a new request for a special license to continue operations after the previous license expired in April. Finance Minister Siniša Mali called this an “excellent piece of news” given the global challenges, but is it really something to celebrate? While the world battles an energy crisis, Serbia clings to delays in sanctions and uncertain gas contracts. Bajatović insists citizens have no reason to worry and that there will be no fuel shortages, but the reality is that the market is unstable and the future uncertain. NIS, which holds 60% of retail and 80% of wholesale oil derivative sales in Serbia, must survive, but at what cost and under what conditions? This saga about gas and oil in Serbia is far from over, and each new day brings fresh uncertainties. If you think this is just another boring political story, think again – energy is the lifeblood of any economy, and Serbia is currently playing with fire. So, what do you think – will Serbia manage to pull itself out of this energy fog, or are we in for a dark winter? Drop a comment, share your thoughts, or just crack a good gas joke to lighten the mood while we wait for the next update!
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