Serbia and Greece Strengthen Energy Ties with New Gas and Electricity Deals

A landmark deal between Belgrade and Athens unlocks new gas flows and EU electricity ties. How will this reshape Southeast Europe's energy future?

, and Administrator

2026 May 6 . 6:23 AM

1 min read

The image shows a poster with a map of the world, depicting the proposed oil and gas pipelines. The... — The image shows a poster with a map of the world, depicting the proposed oil and gas pipelines. The map is detailed, showing the various countries and their respective pipelines, as well as the major cities and bodies of water. The text on the poster provides additional information about the pipelines, such as their purpose and how they are proposed.

Serbia and Greece Strengthen Energy Ties with New Gas and Electricity Deals

Serbia and Greece have agreed to deepen their energy cooperation following high-level talks in Belgrade. Minister of Mining and Energy Dubravka Đedović Handanović met with Greek counterpart Stavros Papastavrou to discuss regional projects and market stability. The meeting also covered plans for new gas routes and electricity market integration with the EU. The two ministers focused on strengthening ties between Serbia, Greece, North Macedonia, and Bulgaria. A key outcome was the confirmation that construction on a gas link between Serbia and North Macedonia will start in 2023. Once completed in 2028, the pipeline will carry 1.5 billion cubic meters annually, with future extensions planned to connect with Greece.

Serbia has already secured long-term gas supplies by reserving 300 million cubic meters per year at Greece’s LNG terminal in Alexandroupolis. This 10-year deal adds to the country’s efforts to diversify imports. Combined with planned interconnections to Romania, Serbia expects to handle over four billion cubic meters of gas yearly. On electricity, Serbia has taken major steps toward coupling its market with the EU. The verification process is now underway, with Hungary set to be the first country linked under the new system. Meanwhile, EKO Serbia, a subsidiary of HELLENiQ Energy, has boosted imports of oil derivatives, helping stabilise local fuel supplies.

The agreements aim to improve Serbia’s energy security through expanded gas routes and regional partnerships. With new infrastructure and EU market integration, the country is working to ensure stable supplies and stronger cross-border coordination. The projects will also support long-term economic ties between Serbia and its neighbours.