Russia: Gazprom, Beltransgaz Agree on Lower Gas Prices

Gazprom and Beltransgaz signed yesterday an addendum to the contract on the volumes and terms of gas supplies to the Republic of Belarus and gas transit via the Republic between 2007 and 2011.

Pursuant to the document, Beltransgaz shall partially pay for natural gas supplied by Gazprom in the second half of 2011 at the rate of USD 244.8 per 1,000 cubic meters, instead of the prices for the third and the fourth quarters calculated on the basis of the contract (USD 279.16 and USD 305.72 respectively).

The remaining amount of payment for Russian gas supplied in the second half of 2011 will be settled by Beltransgaz in monthly installments during 2012.

[mappress]

LNG World News Staff, November 29, 2011; Image: Beltransgaz