It is "by far the best deal in Europe", said Mr. Vucic, after a telephone interview with his Russian counterpart Vladimir Putin.
Serbia, which is a candidate to join the European Union, has remained close to the Kremlin since the invasion of Ukraine.
If Serbia has condemned Russian aggression at the UN, it has thus refused to align itself with European sanctions against Moscow, which continues to supply it with gas at friendly prices.
With this new agreement, Serbia's almost total dependence on Russia is reaffirmed, especially since Moscow holds a majority stake in the Serbian national oil and gas company.
The details of this new contract, particularly in terms of prices and volumes of gas supplied, will be communicated "in the coming days", after having met the leaders of Gazprom, specified the Serbian president.
“We will have a more secure winter in terms of gas supply,” he told a televised press conference.
Currently, the bill "is almost three times lower than everywhere in Europe and this winter it will be 10 to 12 times lower", according to him.
The country currently receives 6 million cubic meters per day from the Russian giant Gazprom at 251 euros per thousand cubic meters.
Aleksandar Vucic also indicated that he had discussed with Vladimir Putin an extension of storage capacity in his country.
© 2022 AFP