Russia’s Gazprom Signs Deal on Gas Prices with Belarus for 2021

MOSCOW (Reuters) – Russia and Belarus said on Thursday they had signed a deal on gas prices for 2021, easing tensions between the two former Soviet countries.

Russian gas giant Gazprom said its chief executive Alexei Miller and Belarussian officials had signed a protocol on how to calculate natural gas prices for 2021 supplies.

Belarus’s energy ministry said the agreed prices were broadly on a par with the levels in 2020, but still below prices calculated by a formula agreed in 2011.

The price this year was $127 per 1,000 cubic meters.

Relations between neighboring Russia and Belarus have been uneasy in recent years over several issues.

However, Moscow has supported Belarussian leader Alexander Lukashenko amid street protests that challenged his victory in the Aug. 9 presidential election.

Russia and Belarus have yet to agree on Russian oil supplies for next year. They have also failed to reach a deal on compensation for contaminated oil found last year in the Druzhba pipeline that exports Russian crude.

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