Autonomous Bosnia sees Russian gas prices rise (press)

Autonomous Bosnia sees Russian gas prices rise (press)

Authorities of the Bosnian Croat Federation of Bosnia region Herzegovina expect gas prices from Russia’s Gazprom to rise 21.7% in the second quarter, Reuters announced April 14.

Gazprom has supplied gas to Bosnia as well as Serbia through the 31.5 billion m two-string network3/year TurkStream gas pipeline and a second link passing through Turkey and Bulgaria.

Bisera Hadzialjevic, managing director of Bosnian gas importer Energoinvest, said many gas distributors had seen price increases greater than the rate offered to his country, with global benchmarks for oil and oil-related derivatives such as gas reaching multi-year highs.

Hadzialjevic said: “This price increase is minimal, it cannot be compared to 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 Republika Srpska region, where the authorities have close ties with Moscow. Land for the 70 million euro ($82 million) project in the northeast of the republic was secured in September 2021, according to SeeNews. Gazprom will hold a majority stake in the project and will be its main supplier of LNG imports.

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