• Natural Gas News

    Autonomous Bosnia sees higher prices for Russian gas: press

Summary

Prices for Gazprom's gas will rise by 21.7% in the second quarter in Bosnia and Herzegovina.

by: Callum Cyrus

Posted in:

Complimentary, Natural Gas & LNG News, Europe, Security of Supply, Corporate, Import/Export, Political, Territorial dispute, News By Country, Bosnia-Herzegovina

Autonomous Bosnia sees higher prices for Russian gas: press

Authorities in the Bosniak-Croat Federation region of Bosnia and Herzegovina expect prices for gas from Russia's Gazprom to rise 21.7% in the second quarter, Reuters reported on April 14.

Gazprom has been supplying gas to Bosnia as well as Serbia through the two-string 31.5bn m3/yr TurkStream pipeline and a second link that passes through Turkey and Bulgaria.

Bisera Hadzialjevic, general manager of Bosnian gas importer Energoinvest, said many gas distributors had seen steeper price hikes than the rate offered to his country, with global benchmarks for oil and oil-linked derivatives such as gas spiking to multi-year highs.

Hadzialjevic said: "This price increase is minimal, it cannot be compared with the gas prices in other European countries.”

In 2017, Bosnian gas distributor Gas-Res entered into a joint venture with Gazprom's SPG unit to build an LNG plant in the Serb Republic region, where authorities have maintained close ties with Moscow. A land plot for the €70mn ($82mn) project in the northeast of the republic was secured in September 2021, according to SeeNews. Gazprom will own a majority stake in the project and will be its main supplier of LNG imports.