Global Markets

Putin and Lukashenko discuss Belarusian gas prices

Russian President Vladimir Putin and his Belarusian counterpart Alexander Lukashenko discussed the price of gas on Thursday
By Staff reporter 7 December 2018 0 33598

Russian President Vladimir Putin and his Belarusian counterpart Alexander Lukashenko discussed the price of gas during the Eurasian Economic Union (EAEU) summit in St. Petersburg on Thursday.

The Belarusian leader called for prices in his country to be equalised with those in Russia, pointing out that consumers in Belarus pay $130 per thousand cubic metres (Mcm: $3.54/MMBtu) for gas while consumers in Russia’s Smolensk region just across the border pay $70/Mcm.

Putin responded that if Belarus had to pay the market...