Gazprom has decided in favor of concessions to Belarus over 2007 gas supplies

Tuesday, June 2, 2020

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Russia’s gas giant Gazprom has decided in favor of concessions to Belarus over 2007 gas supplies, the company’s CEO Alexei Miller said on Tuesday. He declared that Gazprom had agreed with Belarus’s evaluation of its pipeline system Beltransgaz at five billion dollars, although according to its own estimates the asset is worth no more than 3.3 billion dollars. Miller believes that 50 percent of shares may be accepted in payment for Russian gas. Speaking in a live interview on the Ekho Moskvy radio station Miller confirmed that no other CIS member-country enjoyed gas supply terms that would be as favorable. Earlier, Gazprom spokesman Sergei Kupriyanov described Belarus’s position at the gas supply talks as “irresponsible and jeopardizing its own gas supply.” “Belarus has said again that it wants to buy Russian gas at the price established for the Smolensk Region of Russia,” Kupriyanov said. “The country seeks to preserve the heavily discounted price of Russian gas. In the meantime the price at which Gazprom has been selling gas to Belarus so far (46.68 dollars per 1,000 cubic meters) is not only tantamount to a subsidy unacceptable in equitable cooperation between two countries, but also to a direct loss, because it is unable to compensate for production and transportation costs.”

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