Russia: Gazprom , Belarus Hold Another Round of Talks

June 27, 2011

The Gazprom headquarters hosted another round of talks between Alexey Miller, Chairman of the Gazprom Management Committee and Vladimir Semashko, First Deputy Prime Minister of the Republic of Belarus on the documents being prepared for signing.

The parties also discussed other issues of cooperation in the gas sector.

Background

On December 31, 2006 Gazprom and Beltransgaz signed the gas supply and transit contract for 2007–2011. In particular, starting from January 1, 2008 the contract set forth the price formula (corresponding to the price formula for Russian gas supplies to Europe) and the discount rates for the market price between 2008 and 2010 (0.67, 0.8 and 0.9 respectively).

Gazprom holds a 50 per cent stake in Beltransgaz.

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Source: Gazprom, June 27, 2011;