Belarus will continue paying $132 per 1,000 cubic meters for Russian gas, Prime Minister Andrei Kobyakov said in an interview to Mir 24 TV channel.
“The price will be $132 per 1,000 cubic meters, but we are satisfied with other conditions we’ve agreed on”, he said.
According to PM, the talks were long and difficult, because their outcome “has profound implications for both sides”.
“We should have the common market of electricity by 2019 and the common oil and gas market by 2025”, Andrei Kobyakov added.
Oil and gas conflict has sparked between Russia and Belarus in 2016. After energy prices dropped globally, Minsk said it considered that a fair price of Russian gas sold to Belarus would be 73 dollars per 1,000 cubic meters (the current price is $132 per 1,000 cubic meters – note). Russia replied that any discount on gas for Belarus was “out of question”. The reduction of oil supply to Belarus that followed was linked with that arguement and $300 million debt of Belarusian debt.
On 10 October Minsk and Moscow announced that they had reached agreement regarding energy supplies from Russia. Belarus said it would not increase tariffs for the transit of Russian oil, while Russia promised to increase oil supply as soon as Belarus repaid its debt.
There were hopes that all the issues would finally be settled during the visit of Russian Prime Minister Dmitry Medvedev to Minsk. Belarus President Alexander Lukashenko met with him on 28 October. Whether or not the sides touched upon the gas issue, was not reported.