Golovchenko said:
- By 1 July next year, we are supposed to determine how the common gas market of Belarus and Russia will function, how the gas price for Belarus will be set.
- All this is meant for a long term
- 4 out of 28 reconciled Union State programs deal with energy matters: these are programs to set up the common markets of gas, oil and electricity, while the 4th program is devoted to nuclear energy
Now Belarus pays $128.5 per thousand m3 of Russian gas, while on the European market the price has recently skyrocketed to reach $650.
By 1 December 2023, a document to create the common gas market within the Union State will be signed.
Belarus - seen as a close ally of Russia - serves as an important transit route for Russian oil & gas to Europe.
Around 20% of Russian gas passes through Belarus on its way to the EU, with the bulk going predominantly to Germany.
Around 20% of Russian gas passes through Belarus on its way to the EU, with the bulk going predominantly to Germany.
