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Gazprom plans to invest up to $2.5 bln in Belarusian gas system till 2020

June 08, 17:51 UTC+3 MOSCOW
Russia is the key supplier of oil and gas to Belarus, the two countries' leaders will meet to discuss gas prices
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© EPA/TATYANA ZENKOVICH

MOSCOW, June 8. /TASS/. Gazprom plans to invest $2.5 bln in the development of the Belarusian gas pipeline system till 2020, according to the documents prepared to the working visit of Russia’s President Vladimir Putin to the country.

"Gazprom is the owner of the Belarusian section of the Yamal-Europe gas pipeline. Gazprom plans to invest $2-2.5 bln in the development of the Belarusian gas pipeline system and $1.1 bln in boosting the capacity of underground gas storage facilities (in Belarus) till 2020," the document said.

Russia is the key supplier of oil and gas to Belarus, with annual deliveries totaling around 21.5 mln tonnes of oil and 20 bln cubic meters of gas.

Gas prices discussion

Presidents of Russia and Belarus Vladimir Putin and Alexander Lukashenko will discuss the issue of gas prices, Belarus Prime Minister Andrey Kobyakov said Wednesday.

"One of the problems that will be discussed today in Minsk is related to principal approaches to the price of gas supplied by Russia’s Gazprom," Kobyakov said.

Earlier on Wednesday Kremlin spokesman Dmitry Peskov said Vladimir Putin and Alexander Lukashenko would discuss the issue of gas prices for Belarus at the meeting.

"As for the gas problems, there are certainly issues that most likely will be raised at the bilateral meeting (between Putin and Lukashenko)," Peskov said.

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