Gazprom, Belarus Discuss Future

by EU News Network

( and OfficialWire)


Officials at Russian energy giant Gazprom welcomed government officials from Belarus to discuss increasing their bilateral ties in the energy sector.

Vladimir Semashko, first deputy prime minister of Belarus, met in Moscow with Gazprom Chairman Alexei Miller to discuss the terms of a 2006 contract and a 2007 acquisition, the Russian energy monopoly states.

Gazprom and its Belarusian counterpart Beltransgaz in 2006 signed a deal that calls on Belarus to pay a price for its gas that it equal to European prices beginning in 2011. A 2007 purchase and sale agreement forecasts the completion of the sale of a 50 percent stake in Beltransgaz by 2010.

Gazprom in June ordered Belarus to hand over $244 million in gas debts or risk supply cuts. The dispute emerged over the differences between prices outlined in the 2006 contract and average market prices for gas.

Belarusian Prime Minister Sergei Sidorsky said his country has submitted a proposal to Gazprom related to anticipated reductions in gas prices for 2010.


Partners: Social Network