Belarus to raise Russian gas transit fees in 2012: official

Belarusian Deputy Prime Minister Vladimir Semashko said on Tuesday that Belarus might raise significantly its fees for transiting Russian natural gas since 2012.

"This year the transit fees are 1.88 U.S. dollars (per 1,000 cubic meters), and next year they will be 2 dollars, which is a 6-percent increase," Semashko was quoted by Interfax news agency as saying at a meeting in Minsk.

The minister added the natural gas transited by Belarus will remain at over 40 billion cubic meters and will not increase over the next few years.

Meanwhile, Semashko admitted the oil transmitted by Belarus will decrease over the next few years.

"Russia will most likely launch the BTS-2 (Baltic Pipeline System) as of January 1 and the oil transit will naturally decline and then stabilize," he said.


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