Serbia secures new gas deal with Russia

BELGRADE, May 29 (AFP): Serbia, which has been trying to tread a delicate balancing act between East and West since Moscow invaded Ukraine, said Sunday it has secured a new long-term contract with Russia to ensure that it has sufficient gas supplies next winter.
As energy prices soar across the globe, the exact terms of the deal-which will ensure Serbia has "a safe winter when it comes to gas supply"-will be announced in the coming days, said President Aleksandar Vucic.
Vucic insisted the contract would give the Balkan country "by far the best terms in Europe".
"At the moment, this is almost a third of what everyone else in Europe will pay, and in winter it will represent than one tenth" of what other countries pay, he said.
Serbia is currently almost wholly reliant on Russian energy supplies and imports about six million cubic metres of gas daily from Russian giant Gazprom.
Moscow also owns a majority stake in Serbia's oil and gas company, NIS.