Gazprom Cuts 15% Of Belarus Deliveries, Threatens Further Reductions

MOSCOW -(Dow Jones)- OAO Gazprom (GAZP.RS) said Monday it has cut gas deliveries to Belarus by 15% and may cut supplies even further if Minsk's $192 million debt to the company isn't settled.

Russia has still not heard any answer from Belarus regarding the debt, a spokesman for state-controlled Gazprom said in a press briefing.

Gazprom said it may cut up to 85% of gas deliveries to Belarus if the issue remains unsettled.

The European Union, which depends on Russia for around 25% of its gas needs, closely watches gas disputes between Russia and its ex-Soviet neighbors after a row between Moscow and Ukraine led to supplies of Russian gas to Europe being cut off for more than two weeks early last year.

Gazprom said it is planning to deliver 44.5 billion cubic meters of gas through Belarus to Europe this year.

-By Jacob Gronholdt Pedersen and Ira Iosebashvili, Dow Jones Newswires;


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