The commercial industrial gas market in Serbia is estimated to have generated revenues of $109.8 million in 2017. This is up from $90 million in 2007. Average annual growth rate is more twice as high as GDP and comes to about 2% for the decade.
Between 2007 and 2017 GDP grown by an average of 1.02% p.a. We would normally expect that the gases business would grow at a multiple of 1.5% that of the economy, but it the case of Serbia, growth exceeded this ratio and estimated about 2% p.a.
Report Data: 2017
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Led by Alexey Miller, Chairman of the Gazprom Management Committee, the company’s delegation paid a visit to the Republic of Serbia this week. Special attention was paid to the South Stream construction that will start in Serbia before the end of this year.
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