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Srbijagas (full legal name: '' J.P. Srbijagas Novi Sad'') is the state-owned
natural gas Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium ...
provider in
Serbia , image_flag = Flag of Serbia.svg , national_motto = , image_coat = Coat of arms of Serbia.svg , national_anthem = () , image_map = , map_caption = Location of Serbia (gree ...
with headquarters in
Novi Sad Novi Sad ( sr-Cyrl, Нови Сад, ; #Name, see below for other names) is the List of cities in Serbia, second largest city in Serbia and the capital of the autonomous province of Vojvodina. It is located in the southern portion of the Pannoni ...
.


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, Switzerland


Financial 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 than
€ The euro sign () is the currency sign used for the euro, the official currency of the eurozone. The design was presented to the public by the European Commission on 12 December 1996. It consists of a stylized letter E (or epsilon), crossed by t ...
1 billion. In June 2014, it was once again named the most unprofitable state-owned company, making annual net loss of €443.14 million for the calendar year of 2013. For the calendar year of 2014, Srbijagas finished with the yet another annual net loss of €372.33 million. For the calendar year of 2015, Srbijagas managed to severely cut total net loss from the past year to just €2.98 million. After several years of posting annual net losses, Srbijagas finished 2016 calendar year with the annual net profit of €13.78 million.


See also

* Serbian Stream


References


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