History
Srbijagas was established on 1 October 2005 as a result of restructuring the integrated petroleum company NIS. The company was created on the basis of NIS divisions NIS-Gas and NIS-Energogas. In 2013, the government of Serbia decided to split Srbijagas into two separate companies because of its mounting debt and unsustainable business practices. Since 2013, the transportation and storage units have been operated by Transgas AD, while trade and distribution have continued to be operated by the Srbijagas AD.Subsidiaries
As of 13 May 2024, the following companies are subsidiaries or companies in minority ownership of Srbijagas: * Distribucijagas Srbija d.o.o. Novi Sad * Specijalana luka d.o.o. Pančevo * Gas d.o.o. Bečej * Belgrade * Kikinda * Toza Marković a.d. Kikinda * Podzemno skladište gasa d.o.o. Banatski dvor * Sogaz a.d.o. Novi Sad * Informatika a.d. Belgrade * Loznica-gas d.o.o. Loznica * Yugorosgaz a.d. Belgrade * Bijeljina, Bosnia and Herzegovina * , Bosnia and Herzegovina * , Montenegro * South Stream Serbia AG, SwitzerlandFinancial data
At the end of 2011, the company's total equity was US$443.38 million and after one year it dropped to only US$15.86 million, making the company for the first time unprofitable, mainly because of differences in cost and selling price. In April 2013, Minister of Energy, Development and Environmental Protection, Zorana Mihajlović stated that Srbijagas has debt of more thanSee also
* Serbian StreamReferences
External links
* Companies based in Novi Sad Government-owned companies of Serbia Natural gas pipeline companies Oil and gas companies of Serbia Serbian companies established in 2005 Energy companies established in 2005 {{Serbia-company-stub