The deposits are in the Gomel Region, but geologists believe similar deposits might be discovered in other districts of the Dnieper-Pripyat area. Gas deposits are expected to be explored in the Vitebsk, Mogilev Regions and near the Polish border.
Natural gas accounts for over a half of the energy that Belarus consumes, and about 85% of this gas comes from Russia. Belarus’ oil refining capacities meet about 60% of the country’s oil product requirement. As is known, Belarus receives energy carriers from Russia at reduced prices, but recent statements of Russian and Belarusian officials make it clear that Russian natural gas may get at least 50% more expensive in years to come.
Belarus is developing wind, solar, peat and biological power engineering, but the use of these sources will become relevant only if crude and gas get too expensive. Belarus’ future in the energy sector is traditionally compared with the “Scandinavian model”, which is based on equal shares of imported, fossil and renewable fuels. The priorities for the near future are oil and gas deposits, crude refining facilities and sporadic use of renewable sources of energy.