EEU integration level insufficient for setting unified gas tariffs – Putin
<p> MINSK, May 19 - PrimePress. The level of integration in the Eurasian Economic Union (EEU) is insufficient for setting unified gas tariffs, Russian President Vladimir Putin said on May 19 at the session of the Supreme Eurasian Economic Council. </p> <p> </p> <p> Armenia and Belarus do not accept the general EEU formula for calculating gas tariffs proposed by the draft EEU Development Strategy until 2025. </p> <p> </p> <p> “In our opinion, a single tariff proposed by our Armenian and Belarusian friends for gas transportation and transit services can only be applied in a single market with a single budget and a single taxation system. This level of integration in the EEU has not yet been achieved,” Putin said. </p> <p> </p> <p> “In the meantime, gas prices should base on the market environment, considering the costs and investments of suppliers, and should provide a reasonable rate of return on capital invested in production. This is, and I emphasize this, a common world practice,” he said. </p> <p> </p> <p> As reported, Lukashenko and the Prime Minister of Armenia Nikol Pashinyan agreed in a telephone talk on March 31 that the price of Russian natural gas was unreasonably high and, obviously, did not correspond to the current global situation. </p> <p> </p> <p> In February 2020, Gazprom head Alexei Miller and Belarus’ Ambassador to the Russian Federation Vladimir Semashko approved a pricing procedure for supplies of Russian gas to Belarus in 2020, which left the gas price for Belarus at the level of 2019 ($127 per 1,000 cubic meters). Since then, Belarus has been insisting that Russian gas for Minsk should equal Russia’s domestic prices, as provided for by the 2011 agreement on the sale of Beltransgaz gas transmission company to Gazprom. </p> <p> </p> <p> Prime Minister of Belarus Sergei Rumas said on May 14 that Belarus would try to prove to Gazprom in May 2020 that the price of gas imported from Russia at $127 per 1,000 cubic meters is excessive, since the spot price stands at $80. </p> <p> </p> <p> The Eurasian Economic Union is an international integration economic association that has been operating since January 1, 2015. It unites Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. Belarus is presiding in EEU bodies in 2020. End </p>
2020-05-20
Primepress
EEU integration level insufficient for setting unified gas tariffs – Putin
MINSK, May 19 - PrimePress. The level of integration in the Eurasian Economic Union (EEU) is insufficient for setting unified gas tariffs, Russian President Vladimir Putin said on May 19 at the session of the Supreme Eurasian Economic Council.
Armenia and Belarus do not accept the general EEU formula for calculating gas tariffs proposed by the draft EEU Development Strategy until 2025.
“In our opinion, a single tariff proposed by our Armenian and Belarusian friends for gas transportation and transit services can only be applied in a single market with a single budget and a single taxation system. This level of integration in the EEU has not yet been achieved,” Putin said.
“In the meantime, gas prices should base on the market environment, considering the costs and investments of suppliers, and should provide a reasonable rate of return on capital invested in production. This is, and I emphasize this, a common world practice,” he said.
As reported, Lukashenko and the Prime Minister of Armenia Nikol Pashinyan agreed in a telephone talk on March 31 that the price of Russian natural gas was unreasonably high and, obviously, did not correspond to the current global situation.
In February 2020, Gazprom head Alexei Miller and Belarus’ Ambassador to the Russian Federation Vladimir Semashko approved a pricing procedure for supplies of Russian gas to Belarus in 2020, which left the gas price for Belarus at the level of 2019 ($127 per 1,000 cubic meters). Since then, Belarus has been insisting that Russian gas for Minsk should equal Russia’s domestic prices, as provided for by the 2011 agreement on the sale of Beltransgaz gas transmission company to Gazprom.
Prime Minister of Belarus Sergei Rumas said on May 14 that Belarus would try to prove to Gazprom in May 2020 that the price of gas imported from Russia at $127 per 1,000 cubic meters is excessive, since the spot price stands at $80.
The Eurasian Economic Union is an international integration economic association that has been operating since January 1, 2015. It unites Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. Belarus is presiding in EEU bodies in 2020. End