Energoinvest: Application of EU ban on Russian gas imports in BiH from January 1, 2028

(Patria) - Energoinvest d.d. Sarajevo is closely monitoring the decision of the Council and Parliament of the European Union introducing a comprehensive ban on the import of natural gas from the Russian Federation. The decision covers all existing contracts, meaning that Russian natural gas will gradually be withdrawn from the European market in the coming period, the company announced today.

From Energoinvest, they state that, given that Bosnia and Herzegovina has a signed long-term contract for the supply of Russian natural gas, the application of the EU ban in our case would apply to the period from January 1, 2028. This deadline represents a key element in planning the next steps and defining a strategy for safe and stable supply for Bosnia and Herzegovina.

"Although Bosnia and Herzegovina is not a member of the European Union and the decision does not formally bind our market, it has a significant indirect impact, as European energy flows and regulations are increasingly reflected in the countries of the region. BiH's supply is part of the wider European network, which makes this decision extremely important for long-term planning and system security," the statement reads.

In the coming period, we expect a phase of detailed preparations and gradual adaptation to the new European circumstances.

"Energoinvest will work on the timely alignment of contractual obligations and consideration of alternative supply routes, in order to maintain a stable and uninterrupted flow of natural gas. At the same time, it will be necessary to further improve logistical and infrastructural processes to ensure the reliable operation of the system in the years to come. Without opening new solutions regarding the diversification of sources and supply routes, the long-term stability of supply could be jeopardized, which would ultimately affect the overall energy security of Bosnia and Herzegovina," the company adds.

In this context, the Southern Gas Interconnection project stands out as an infrastructural priority of strategic importance.

"This project opens the possibility of diversification and establishment of an independent direction of natural gas supply, thereby significantly reducing dependence on a single supplier and a single route. The Southern Interconnection carries strong development potential, with an investment cycle estimated at more than two billion euros, directly and indirectly, especially when additional planned interconnections are taken into account.

Announcements of interest from American companies to participate through concession models further confirm the importance of this project and open space for strengthening cooperation between the institutions of Bosnia and Herzegovina and international partners, and could significantly accelerate all processes, enable more efficient implementation, and further strengthen the energy security of Bosnia and Herzegovina," the statement says.

From Energoinvest, they claim that this company remains fully committed to maintaining stable supply and timely preparation for the period ahead. In cooperation with relevant institutions, regional partners, and international organizations, the company will continue to work on solutions that will ensure the long-term security, sustainability, and resilience of the energy system of Bosnia and Herzegovina, the statement said.