Russia and Belarus will create a single oil and gas market
Russia and Belarus by July 2022 will develop the operating conditions for the unified gas market.
“It is necessary to create united markets for oil, oil products, electricity and gas. noted the Prime Minister of Belarus Roman Golovchenko at the joint Supreme State Council Union State of Belarus and Russia…
The meeting is broadcasted by the media platform “Watching”…
Meanwhile, the cost of Russian gas for Belarus is seven to ten times lower than spot prices in Europe and three to four times lower than the prices under Gazprom’s long-term contracts, President Vladimir Putin…
“You yourself know what is happening on the world oil and gas markets. Belarus receives gas from Russia for eight, or even at times for nine to ten times … cheaper than on European spot markets.”
Even if we talk and compare with supplies to our consumers under Gazprom’s long-term contracts, it is three to four times cheaper, “Putin said.
“This applies to the citizens of Belarus, this applies to households that purchase energy at such minimal prices. This applies to the entire economy of Belarus, its entire industry,” the president concluded.