Srbijagas

What Srbijagas does

Srbijagas (legal name: Javno Preduzeće "Srbijagas" Novi Sad) is a state-owned public enterprise of the Republic of Serbia, headquartered in Novi Sad, operating the national natural gas transmission, distribution, storage, and trading infrastructure. Founded in 2005 with 1,001-5,000 employees, the company serves three primary customer segments: households connected to the gas distribution network for residential heating, cooking, and hot water; industrial customers requiring continuous gas supply for manufacturing; and municipal/public services including district heating operators. It also engages in international gas transit and supply agreements with partners such as SOCAR (Azerbaijan), Nomagas (North Macedonia), and Transgaz (Romania). Srbijagas is the sole operator of Serbia's gas pipeline network and the country's only underground gas storage facility at Banatski Dvor, which is being expanded from 450 to 750 million cubic meters capacity.

The company generates revenue through three primary streams: natural gas sales to end customers (households, industrial users, public services) under regulated supply contracts, distribution network access charges regulated by energy regulator AERS, and one-time connection fees (980 EUR from April 2026, payable in 36 interest-free installments for households). It operates a wholly-owned subsidiary, Transportgas Srbija, which handles transmission pipeline maintenance. The company's distribution footprint expanded in December 2025 through a government-mandated takeover of Gas Feromont AD Stara Pazova's distribution and supply operations in Srem region municipalities. Srbijagas is overseen by a Supervisory Board chaired by Professor Doctor Muamer Redžović, with Dušan Bajatović serving as General Director. The company operates without private equity, venture capital, or external institutional investment, being entirely government-owned and controlled.

Name

Srbijagas

Legal name

Javno Preduzeće "Srbijagas" Novi Sad

Website

https://srbijagas.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Srbijagas is the Serbian state-owned public enterprise operating the national natural gas transmission, distribution, storage, and trading infrastructure, serving households, industrial customers, and municipal heating systems across Serbia.

Ownership category

akta.pro rank

Product category

Natural Gas Utility

NAICS

Natural Gas Distribution (22121), Pipeline Transportation of Natural Gas (48621)

SIC

Natural Gas Distribution (4924), Natural Gas Transmission (4922)

akta.pro primary industry

Gas Mains (Distribution Pipelines) (EUAJABAA)

akta.pro secondary industries

Gas Supply, Aggregation & Contracting (Producers, Marketers, Tolling, GSA) (EUALALAD), Natural Gas Retail Supply (Residential & SMB) (EUAGAGAD), Service Line Maintenance & Repair (Customer Laterals) (EUAJAMAC)

Keywords

• Natural gas distribution
• Natural gas transmission
• Underground gas storage
• Gas pipeline infrastructure
• Natural gas trading

Headquarters

HQ city

Novi Sad

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Natural Gas Sales: Sale of natural gas to end customers including households, industrial users, and public services through regulated supply contracts
2. Distribution Services: Charges for access to and use of the gas distribution network, regulated by the energy regulator AERS
3. Connection Fees: Fees charged for new connections to the gas distribution network, with promotional pricing options including installment payments

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Srbijagas operates as Serbia's state-owned public enterprise for natural gas, managing the national pipeline network for transmission, distribution, storage, and trading of natural gas. The company supplies gas to households (for cooking, heating, and hot water), industrial users, and municipal district heating systems, while also providing underground gas storage at Banatski Dvor and managing international gas transit and supply contracts.

Product overview

Srbijagas is a public enterprise providing integrated natural gas services through a platform-plus-services model. The core offerings include natural gas distribution via the distributive pipeline network, natural gas transport through the transport system, natural gas trading/supply, and underground gas storage at Banatski Dvor. The company supplements these core operations with a digital customer portal (Moj Srbijagas) for e-billing and self-service, gas connection services with promotional pricing, a monthly newsletter (Gas Pres), and a gas pipeline map. The company operates as the national gas company of Serbia, managing both distribution and transport infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• Moj Srbijagas (Мој Србијагас): Customer self-service portal for gas bill management and account access

Products and services

• Natural Gas Distribution Distribution of natural gas through the company's distributive gas pipeline network across Serbia, serving households, businesses, and industrial customers with regulated supply and metering.
• Natural Gas Transport (Transmission) Transportation of natural gas through the transport gas pipeline system, including transit services and connection to international gas networks, operated with technical conditions for system access.
• Natural Gas Trading and Supply Trading and supply of natural gas to end customers, including public supply services under regulated tariffs and free market sales to eligible consumers.
• Underground Gas Storage Banatski Dvor Underground natural gas storage facility at Banatski Dvor with pipeline connection, providing storage capacity for seasonal supply-demand balancing and energy security, currently being expanded with 12 new wells.
• Moj Srbijagas Customer Portal Digital customer portal enabling e-bill registration, bill viewing, meter reading submission, and electronic invoice delivery with discount benefits for end customers.
• Gas Connection Services Connection to the distributive gas network including new household and business connections, with promotional pricing options and 36-month interest-free installment payment plans.

Quantifiable outcome

• Storage capacity expansion from 450 to 750 million cubic meters
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core.

• Government of Azerbaijan (Intergovernmental Commission)coreStrategic or Co-development Partner · 21 October 20259th session of Azerbaijan-Serbia Intergovernmental Commission on Trade and Economic Cooperation held in Belgrade. Discussions covered economic, trade, and energy cooperation with specific projects including natural gas supply and energy infrastructure.
• SNTGN Transgaz SA (Romania)coreStrategic or Co-development Partner · 27 June 2025Memorandum of Understanding signed June 27, 2025 in Bucharest for gas interconnection project between Romania and Serbia. Project includes connection from BRUA gas pipeline to Mokrin node in Serbia, and construction of South Mokrin-PSS Banatski Dvor-Pancevo-Belgrade pipeline.
• NOMAGAS (North Macedonia)coreStrategic or Co-development Partner · 26 June 2025Memorandum of Understanding signed June 26, 2025 for gas interconnector project between Serbia and North Macedonia. The interconnector will enable bidirectional gas flow of 1.5 billion cubic meters/year, with approximately 70 km total length (47 km in Serbia, 23 km in North Macedonia). Pipeline diameter 500mm, nominal pressure 55 bar, planned connection point at Vranje, Serbia.
• SOCAR (State Oil Company of Azerbaijan)coreStrategic or Co-development Partner · 15 November 2023Strategic gas supply partnership between Azerbaijan and Serbia. On November 15, 2023, SOCAR and Srbijagas signed a gas supply contract for up to 400 million cubic meters annually during 2024-2026. Additional agreement signed September 26, 2024 for 1 million cubic meters per day from November 2024 to April 2025. Azerbaijan plans to gradually increase supplies to 1 billion cubic meters per year.
• NIS (Naftna Industrija Srbije)coreStrategic or Co-development PartnerJoint collaboration on underground gas storage expansion at Banatski Dvor. Directors of both companies visited work sites for installation of equipment on new wells in August 2025. NIS involved in oil and gas operations supporting the storage expansion project.
• Transportgas SrbijacoreTechnology or IntegrationTransportgas Srbija operates as the transport system operator performing maintenance work on transmission pipelines. Srbijagas coordinates with Transportgas for planned maintenance affecting gas supply to various regions.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Regional players

• DESFA S.A. Greek gas transmission system operator with significant LNG import and storage assets. Comparable as a Balkan/Mediterranean TSO managing similar supply diversification (LNG plus pipeline) pressures.
• Plinacro d.o.o. Croatian gas transmission system operator. Comparable as a smaller regional TSO in a neighboring country, also exposed to EU diversification requirements and LNG import infrastructure via Krk.
• eustream, a.s. Slovak gas transmission system operator at the eastern edge of EU gas network. Comparable as a regional TSO whose business is highly sensitive to East–West flow rebalancing — a dynamic that also shapes Srbijagas's outlook.
• Bulgartransgaz EAD: Bulgarian state-owned natural gas transmission system operator. Highly comparable to Srbijagas as a national gas TSO in a neighboring Balkan country with similar EU-accession-driven infrastructure priorities and gas-supply diversification needs.
• FGSZ Ltd. Hungarian gas transmission system operator operating the Hungarian section of interconnectors with Serbia and Romania. Comparable as a regional TSO facing similar East–West supply rebalancing dynamics.
• Transgaz S.A. Romanian gas transmission system operator and a direct Srbijagas counterparty (June 2025 MoU for BRUA–Mokrin interconnector). Comparable as a regional state-backed TSO pursuing East–West corridor development.
• BOTAS: Turkish state-owned integrated petroleum pipeline corporation operating gas transmission, trading, and storage. Closest model-match to Srbijagas in combining transmission, distribution, supply, and storage under a single state enterprise in a neighboring country.

Broad incumbents

• GAZ-SYSTEM S.A. Polish gas transmission system operator. Comparable as a larger, well-funded regional TSO executing major interconnector and storage investments (Baltic Pipe, FSRU), illustrating the scaled-up trajectory Srbijagas could pursue.
• SNAM S.p.A. One of Europe's largest gas TSOs, operating transmission, storage, and regasification across Italy. Comparable in business model (TSO + storage) but materially larger and more diversified, representing an incumbent benchmark rather than a direct competitor.

Others

• NIS (Naftna Industrija Srbije): Serbian integrated oil and gas company and Srbijagas's joint partner on the Banatski Dvor storage expansion. Not a direct gas-distribution peer, but the most important domestic upstream/downstream counterpart and ecosystem participant in Serbian gas.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
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Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Srbijagas