Negotiations with Belarus on gas will be held in the beginning of next week

Moscow. 1 Oct. Negotiations on gas price with Belarus will be held in the beginning of the week, told reporters Deputy Prime Minister Arkady Dvorkovich.

He said that about the discount. “The search for acceptable solutions. Discount is not speech,” he said.

As previously reported, the Belarusian side declares that it is entitled to pay for Russian gas on the basis of the principle of equal profitability with the export price to Europe (on the background of the collapse in gas prices in the EU).

As explained by Russian officials, in response to the defaults of Minsk for Russian gas, Russia has reduced oil supplies to the neighboring country. So in the first and second quarter, Russia supplied to Belarus of 5.5 million tons of oil and 5.3 million tonnes respectively. However, in the third quarter it was decided to reduce the supply from 5.3 million tons to 3.5 million tons.

“Our Belarusian partners we are underpaid for gas, we lose money, including the budget, as Gazprom is a major taxpayer, and, of course, forced to look for payment options”, – said Alexander Novak.

Economy12 Sep 2016Белоруссия of the Russian Federation suggested three pricing options for the procurement to gazacity read more

12 Sep Belarus said about the three pricing options for natural gas for the Republic.

As said in Minsk, the most beneficial for Belarus would be equal in prices, which, including inherent in previously signed agreements.

The second compromise is with reference to the domestic prices with a number of conditions. In this regard, the Deputy Prime Minister said that by 1 July 2019 in the EEU will create a single electricity market by 1 January 2025 a common market of hydrocarbons.

The third option, which proposed to consider Russia, involves certain subsidies.