Russian state gas firm OAO Gazprom (GAZP.RS) said Monday it expects to sign a contract with neighboring Belarus on gas supplies and gas transit in December, before the existing contract expires--a move that could limit the risk of another halt in Russian gas supplies to Europe.
Russian state gas firm OAO Gazprom (GAZP.RS) said Monday it expects to
sign a contract with neighboring Belarus on gas supplies and gas transit in
December, before the existing contract expires--a move that could limit the
risk of another halt in Russian gas supplies to Europe.
Russia
and
Belarus
have
so far failed to renew a gas contract, due to disagreements over how much
Gazprom should pay for a stake in Belarussian state-owned gas pipeline company
Beltransgaz.
Gazprom bought a 50% stake in Beltransgaz in 2006 for $2.5 billion.
Belarus
has
agreed to sell the remaining 50% stake to the Russian company, but the price
depends on a new gas contract.
Gazprom Chief Executive Alexei Miller met Belarussian Deputy Prime Minister
Vladimir Semashko in
Moscow
Monday to discuss the deal, and agreed a new gas contract could be signed in
December.
Russian Prime Minister Vladimir Putin last month offered
Belarus
a
discounted gas price in connection with its participation in the Customs Union,
a trade group comprising
Russia
,
Kazakhstan
and
Belarus
.
Russian gas supplies to
Europe
through
Belarus
were
briefly cut off last summer due to a pricing dispute.
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