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Russian Ambassador in Minsk revise gas prices for Belarus

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Russian Ambassador to Belarus Dmitry Mezentsev admitted the possibility of reviewing Russian gas prices for Minsk against the background of falling oil prices. He said this in an interview with STV on Sunday, April 5.

“When there is a change in the price of gas on foreign markets, and it is tied to the price of oil, this is a message for the expert community and energy and gas companies to take this into account,” the Russian diplomat said.


Nevertheless, he believes that the agreement signed by Russia and Belarus for 2020 should be implemented.


In early February, Moscow and Minsk agreed that Belarus will continue to buy blue fuel at last year’s tariff of $127 per 1,000 cubic meters.


However, according to Belarusian leader Alexander Lukashenko, under the current conditions on the world energy market, Russian gas for Minsk should cost about $ 90 per 1 thousand cubic meters. He believes that gas prices are linked to oil prices. If the price of oil has fallen, it has also fallen for natural gas.

On March 9, oil prices collapsed amid reports that the OPEC deal was terminated on April 1. The agreement assumed a reduction in oil production. At the same time, Saudi Arabia has already announced plans to increase production.

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