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Eastern Economic Forum

Price of gas in Russia to remain one of lowest worldwide — energy ministry

It is necessary to keep a balance between the interests of consumers and producers as much investment is needed for gas production, First Deputy Energy Minister Pavel Sorokin noted

VLADIVOSTOK, September 4. /TASS/. The price of gas for Russian consumers will remain the lowest among developed countries, First Deputy Energy Minister Pavel Sorokin said, adding that the country’s new Energy Strategy through 2050 contains this principle.

"We are working on finding a fair balance between consumers and maintaining the most preferential conditions that exist among developed countries, and on the other hand - on ensuring replacement of mineral reserves and development of new projects," he said at the Eastern Economic Forum.

Meanwhile it is necessary to keep a balance between the interests of consumers and producers as much investment is needed for gas production, Sorokin noted, adding that Gazprom should also refocus its export infrastructure.

"We should not be involved in justifying dumping and money-losing solutions," he stressed.

The Eastern Economic Forum is underway on the campus of the Far Eastern Federal University in Vladivostok on September 3-6, 2024. The main theme of the EEF this year is ‘Far East 2030. Combining strengths to create new potential’. Business activities are broken down into seven thematic blocks: ‘New contours of international cooperation’, ‘Technologies to ensure independence’, ‘Financial value system’, ‘the Russian Far East’, ‘People, education and patriotism’, ‘Transport and logistics: new routes’, and ‘Master plans: from architecture to economy’.

The Roscongress Foundation is the Forum’s organizer. TASS is the general information partner of the EEF.

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Eastern Economic Forum

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