SOCAR: Energy cooperation between Azerbaijan, Serbia strategic in nature

Energy cooperation between Azerbaijan and Serbia is strategic in nature and contributes to the region's energy security, Report informs.

This was announced at a briefing of the State Oil Company of Azerbaijan (SOCAR) for Serbian journalists.

During the briefing, SOCAR Vice President Elshad Nasirov answered questions from media representatives regarding the strategic partnership between Azerbaijan and Serbia in the energy sector, projects strengthening the region's energy security, and prospects for cooperation.

On November 15, 2023, SOCAR and the Serbian company Srbijagas signed a gas sales contract. The contract provides for the supply of up to 400 million cubic meters of gas from Azerbaijan to Serbia annually in 2024-2026.

Furthermore, on September 26, 2024, SOCAR and Srbijagas signed a contract providing for the supply of an additional 1 million cubic meters of Azerbaijani gas per day to Serbia from November 1, 2024, to April 1, 2025. Azerbaijan plans to gradually increase gas supplies to Serbia to 1 billion cubic meters per year.

In January 2026, Serbian Ambassador to Azerbaijan Dragan Vladisavljevic told Report that the country intends to continue purchasing Azerbaijani oil on the open market.