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Gazprom and the State Property Committee of Belarus signed on Friday in Minsk the agreement to purchase and sell Beltransgaz shares, RIA-Novosti news agency reported with reference to Gazprom’s press service.
Gazprom will pay $2.5 billion for 50 percent of Beltransgaz. The Russian holding will acquire Beltransgaz’s shares in four stages by 12.5 percent from 2007 to 2010.
The companies have also agreed to gradually raise the wholesale extra charge on natural gas sold by Beltransgaz. Another agreement they reached is that the state will not have privileges in managing Beltransgaz.
Gazprom’s spokesman said on Friday morning that the agreement’s signing is postponed till a later date, approximately June 1st.
The agreement on Russian gas supplies to Belarus signed on December 31, 2006, obligates Gazprom to supply 21.8 billion cubic meters of natural gas to Belarus in 2007, at the price of $100 per 1,000 cubic meters. Afterwards, the price on Russian gas for Belarus will be calculated according to the formula used for European consumers.
Nearly 45.8 billion cubic meters of Russian gas will be transported thru Belarus’ territory in 2007.
Gazprom will pay $2.5 billion for 50 percent of Beltransgaz. The Russian holding will acquire Beltransgaz’s shares in four stages by 12.5 percent from 2007 to 2010.
The companies have also agreed to gradually raise the wholesale extra charge on natural gas sold by Beltransgaz. Another agreement they reached is that the state will not have privileges in managing Beltransgaz.
Gazprom’s spokesman said on Friday morning that the agreement’s signing is postponed till a later date, approximately June 1st.The agreement on Russian gas supplies to Belarus signed on December 31, 2006, obligates Gazprom to supply 21.8 billion cubic meters of natural gas to Belarus in 2007, at the price of $100 per 1,000 cubic meters. Afterwards, the price on Russian gas for Belarus will be calculated according to the formula used for European consumers.
Nearly 45.8 billion cubic meters of Russian gas will be transported thru Belarus’ territory in 2007.
Russia’s Gazprom and Belarus’ Beltransgaz won’t ink the documents on joint venture’s creation on May 18, Prime-TASS reported with reference to Gazprom.
“The purchase and sale contract for Beltransgaz stocks will be sealed not on May 18 but later,” representatives of Gazprom said. “You know, we have a good tradition with Belarus’ colleagues – agreeing on the final details the 31st…” “We hope that, in dates specified earlier - till June 1 - all necessary documents will be inked,” said Gazprom spokesman Sergey Kuprianov.In the news service of Belarus’ government, they said the delay could be attributed to the need to additionally agree on one of the items of the contract for selling Beltransgaz stocks to Gazprom.
A delegation of Gazprom is due to arrive in Minsk today, on May 18, 2007. It is led by Valery Golubev, deputy chairman of Gazprom’s management committee.
The venture’s creation is spelled out in the framework protocol that Russia and Belarus sealed December 31, 2006. According to the document, Gazprom is to transfer $625 million to Belarus till May 20 for 12.5 percent in Beltransgaz. The payment will be made by installments, so that Gazprom could generate 50 percent in Beltransgaz by June 1, 2010 should it pay $2.5 billion to Belarus by this date.
