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Belarus to Buy Russian Gas at a Reduced Price
16.08.2011 11:43
Belarus to Buy Russian Gas at a Reduced Price

From 2012 Belarus is to buy Russian gas at a reduced gas pricing formula.

"Russia has taken a decision to introduce an integration descending rate into the gas pricing formula for Belarus from 2012," said Russian Prime Minister after a Council of Ministers meeting of the Union State between Russia and Belarus.

At preparing new gas contract with Belarus Gazprom should take into consideration creation of Customs Union and the acquisition by Gazprom of the remaining 50 percent in the Belarusian gas transportation company Beltransgaz, which may occur this autumn.

At the moment Belarus pays $250 per 1 000 cubic meters of Russian gas. The present contract runs out 31 December 2011.

Author: Irina Fomina

Tags: Belarus Resources Gazprom   

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