Belarus expects lower price for Russian gas

Belarus Energy Ministry does not rule out the price for Russian gas dropping in July, Energy Minister Uladzimir Patupchyk told journalists on Thursday.

“We believe that staring from 1 July, if the situation on the Russian market unfolds the way it has been so far, the gas price will fall,” state-run news agency BelTA quotes Patupchyk as saying.

He noted that there is a formula that is specified in the agreement between Belarus and the Russian Federation. According to this formula, the input price for gas this year has been reduced.

In 2015 the input gas price for Belarus will be $134 per 1,000 cubic meters, president Lukashenka said in January. Last year the Russian gas price for Belarus was about $168 per 1,000 cubic meters.

See also