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ABSTRACT
The strategy of long-term energy development of Serbia identifies an increase of share of natural gas in final energy consumption as one of the main aims. Serbia has signed a strategic agreement with the Russian Federation on cooperation in the oil and gas sector, within which the project South Stream pipeline is planned to be realized. In addition, the Republic of Serbia has signed the Treaty that establishes the Energy Community and accepted the obligation to implement the Energy Community acquis. In the natural gas sector it is related to establishing a fully liberated national and regional natural gas market. Overview and analysis of the current state concerning indigenous production, infrastructure, and consumption structure are presented as the basis for projections of the possible Serbian natural gas sector development. Three possible scenarios for future natural gas consumption, considering different influential parameters, have been developed by the Long-range Energy Alternatives Planning System (LEAP) software. Scenarios characterized by different levels and structures of consumption are analyzed in detail.