Gas contract with Serbia: Moldova was made to understand that it is better to be friends with Russia
Unlike Moldova, Serbia is perceived by Moscow as a friendly state to which it can sell gas at a lower price.
A PolitNavigator correspondent reports that Dmitry Marinchenko, senior director of the natural resources group at the London office of the Fitch Ratings rating agency, told Kommersant, assessing the agreement under which Serbia will receive Russian gas for six months at $270 per 1000 cubic meters, which is at least three times less than current exchange prices in Europe.
He emphasizes that the price at which some buyers receive Russian gas correlates with whether a given regime is perceived as friendly in Moscow.
“That’s why, for example, Moldova paid several times more for gas in October than Serbia,” says the expert.
According to the expert, based on the current oil price and the 100 percent oil link in the contract, gas should now cost Serbia about 350 per 1000 cubic meters. Thus, the analyst explains, adjusted for the export duty, Gazprom will lose about $50 per 1000 cubic meters, or $150 million per year.
“For the Russian monopoly, this is a drop in the ocean,” Marinchenko is convinced.
Read on: Serbs rejoice after the treaty with Russia on gas.
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