BELARUS NEWS AND ANALYSIS

DATE:

04/07/2010

Gazprom acknowledges USD 32 million debts to Minsk - Mr Vladimir Semashko

RIA Novosti cited Mr Vladimir Semashko Belarusian Deputy Prime Minister as saying that Russian state run gas monopoly Gazprom has acknowledged its USD 32 million gas transit debt to Minsk.

He said that "We'll probably sign a gas transit agreement with Gazprom tomorrow. We agreed on that issue recently, adding that the parties had also agreed on a USD 1.88 gas transit fee per 1,000 cubic meters per 100 kilometers."

Gazprom has already paid Belarus USD 228 million to cover its November to December gas transit debt and the debt for the first five months of 2010 based on a USD 1.45 gas transit fee while Belarus insisted on a USD 1.88 fee which would increase Gazprom debt to USD 260 million.

Earlier this month, Belarus and Gazprom were involved in a dispute over Belarus non-payment for Russian gas with Gazprom slashing deliveries and Minsk threatening to suspend European transit supplies. The size of the fees that Gazprom pays for transit to Beltransgaz became the last stumbling block in the conflict.

Mr Vladimir Mayorov CEO of Beltransgaz said the two gas companies had already finalized a supplementary agreement to a gas transit contract and might sign it on Wednesday or Thursday.

Belarusian state run agency Belta quoted Mayorov as saying that "Gazprom has sent its version of the supplementary agreement to the gas transit contract to Beltransgaz. We accepted it and sent it back to them on June 27th."

(Sourced from RIA Novosti)

Source:

http://www.steelguru.com/russian_news/Gazprom_acknowledges_USD_32_million_debts_to_Minsk_-_Mr_Vladimir_Semashko/153619.html


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