Moscow and Minsk are to sign a document on a single gas market by December 2023

Russian President Vladimir Putin at a joint press conference with the self-proclaimed President of Belarus Alexander Lukashenko said that during 2023 (until December 2023) Moscow and Minsk will sign a document on a single gas market, Oilcapital reports.

In 2022, the price of Russian gas for Belarus will remain at the same level, but what the price will be for 2023, before the signing of the document, is not specified.

“Based on the results of lengthy discussions, it was possible to develop mutually acceptable approaches to the gas issue. The price for Belarus for Russian natural gas for 2022 will remain at the current year's level,” the Russian President said.

In 2021, the price of gas from Russia for Belarus is $128.5 per thousand cubic meters. In 2020, supplies amounted to 18.766 billion cubic meters, for 7 months of 2021 they increased by 10%up to 11.366 billion cubic meters.

“Besides, it is envisaged to agree on the unification of oil and oil products markets, as well as an agreement on a single electricity market,” the Russian president added at a press conference.

Earlier, Belarus announced the readiness of a roadmap to create a single gas market with the Russian Federation.

Tags: oil, RF, electricity market, foreign affairs, Gas market, negotiations, Putin, price, agreement, gas supplies, petroleum products, Belarus

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