BELARUS NEWS AND ANALYSIS

DATE:

19/11/2010

Gazprom Opens Belarusian Subsidiary Company

Gazprom created a subsidiary company in Belarus - foreign private production unitary enterprise Gazprom Transgas Zapad. Gazprom owns 100% of stakes in the organization, registered in Minsk.

Previously, the State Property Committee of Belarus and Gazprom entered into a contract of 50% Beltransgaz stake sale for $2.5 billion on May 18, 2007 in order to create a joint Belarusian-Russian gas transportation organization, BelaPAN.

Under the contract "Gazprom" was to pay annually $625 million for 12.5% of stake during 2007-2010.

Source:

http://www.oilandgaseurasia.com/news/p/0/news/9573


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