Belarus, Russia Sign Long-awaited Gas Transit Deal

Belarus, Russia Sign Long-awaited Gas Transit Deal
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Παρ, 2 Ιουλίου 2010 - 19:17
Belarus and Russia Friday signed a gas transit deal expected to end disagreements that caused brief shortages of Russian natural gas in Europe last week, Russia's state gas firm OAO Gazprom (GAZP.RS) said Friday.
Belarus and Russia Friday signed a gas transit deal expected to end disagreements that caused brief shortages of Russian natural gas in Europe last week, Russia 's state gas firm OAO Gazprom (GAZP.RS) said Friday.

Belarus , an important transit country for Russian energy supplies to Europe , cut westbound shipments of natural gas last week, escalating a dispute over unpaid gas bills between the two former Soviet states.

Belarus --traditionally a close Kremlin ally--had accumulated debt of $200 million for gas used this year, and said Gazprom was paying too little for shipping gas through Belarus to Europe .

Last week, Gazprom paid Belarussian pipeline operator Beltransgaz $228 million in gas transit fees, but
Belarus insisted the Russian gas firm owed it another $32 million. Gazprom said then it would pay the extra amount, once the new transit deal was signed.

Friday, Gazprom agreed to
Belarus ' terms, raising the transit fee to $1.88 per 1,000 cubic meters per 100 kilometers, for 2010.

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