BAKU, Azerbaijan, October 23. Azerbaijan has started supplying natural gas to Serbia since January 2024, and about 300 million cubic meters of gas have been exported so far, Azerbaijani Finance Minister Sahil Babayev said today at the 9th meeting of the Intergovernmental Commission on Trade and Economic Cooperation between Azerbaijan and Serbia and the Azerbaijan-Serbia business forum in Belgrade, Trend reports.
The minister articulated that the State Oil Fund of Azerbaijan
possesses an investment portfolio in Serbia, quantified at a
substantial $72.7 million.
"Furthermore, the synergistic collaboration among SOCAR, EPS, and
Srbijagas in the development of a 500-megawatt combined cycle gas
turbine power generation facility in the city of Nis will elevate
the energy alliance of the stakeholders to a new paradigm," he
elaborated.
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