economy
February 27, 2026
ENERGY STRATEGY FOR THE FUTURE! Đedović Handanović with Szijjártó: Seeking compromise for NIS, pipeline with Hungary by the end of 2027. (PHOTO)
The Minister of Mining and Energy emphasizes that technical teams are working around the clock for works to begin this autumn and secure Serbia's strategic energy connection.
TL;DR
- Technical teams are working continuously on the Serbia-Hungary oil pipeline, with construction expected to begin this autumn and completion by the end of 2027.
- Intensive and complex negotiations are underway between Serbia and Hungary regarding a state agreement concerning the transaction of NIS.
- Serbia aims for a compromise that includes the operation of the Pančevo refinery and favorable conditions for Serbia to acquire an additional five percent of NIS shares.
- Discussions also included Petrohemija and other investments within NIS to strengthen energy connections.
- Cargo transport on the Belgrade-Budapest high-speed rail line has commenced.
- Serbia and Hungary are committed to cooperation in gas supply, with plans to build new pipelines and interconnections, and a six-month extension of the gas arrangement with Russia has been confirmed.
- Serbia continues to work on gas and oil infrastructure, as well as power line interconnections for a better transmission network.
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