Belarus, Gazprom set gas price formula as of 2012

MINSK. July 1. KAZINFORM Belarus has coordinated a gas price formula with Gazprom starting from 2012, First Vice Premier of Belarus Vladimir Semashko said in a joint session of the two chambers of the Belarusian parliament on 30 June.

Accoridng to BelTA, as regards the sale of Beltransgaz stake to the Russian side, Vladimir Semashko reiterated that ne of the major conditions in the issue is that the two sides find common ground on gas prices starting from 1 January 2012.

In his words, negotiations on selling the stake in Beltransgaz continue. The sides have prepared a set of documents including a sale/purchase contract, an agreement on gas prices for Belarus, a contract on gas supplies for 2012-2014 and a gas transit contract for 2012-2014. The sides were able to come to an agreement thanks to the joint effort of the task groups of the Belarusian Energy Ministry and Gazprom. "We together with Alexei Miller have discussed and coordinated everything including gas prices that meet the interests of both the sides," Vladimir Semashko said.

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