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The Government of the Republic of Serbia

In the service of citizens

Serbia, Hungary intensify talks on Interstate Energy Agreement

Belgrade, 27 February 2026

Minister of Mining and Energy Dubravka Đedović Handanović spoke today, on the sidelines of the Serbia-Hungary Business Forum, with Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó.

Đedović Handanović emphasised that talks are underway between the two countries on drafting an interstate energy agreement.

She also added that discussions are underway on the purchase of a 5% stake in Naftna Industrija Srbije (NIS) by Serbia, as well as TE-TO Pančevo, Petrohemija and other investments in NIS.

Serbia and Hungary, she said, are implementing a joint project to build an oil pipeline, while cargo rail transport on the Belgrade-Budapest line started today.

The public procurement process is underway for the construction of an oil pipeline in Serbia, the technical documentation has been completed, and the necessary permits have been secured. We hope that the works will be contracted during the summer, and that they will begin in the fall. This means that by the end of 2027, we will have a built oil pipeline, the minister said.

Also, as she noted, we are considering building a product pipeline as part of the same project that can transport oil derivatives in both directions.

She stressed that Serbia is committed to improving connectivity with Hungary, with which it is working on a project to connect electricity transmission lines, as well as with Romania and Bosnia and Herzegovina.

Szijjártó said that the landlocked countries of Central and Eastern Europe are easily blackmailed regarding energy supplies, which puts Hungary, Slovakia and Serbia in a difficult position.

One of the best ways to deal with this pressure is for MOL to acquire NIS, because then the three landlocked countries will be able to function harmoniously and be more resilient to all challenges and pressures, the Minister explained.