BELARUS NEWS AND ANALYSIS

DATE:

18/06/2010

Gazprom plans to cut gas supplies to Belarus by 85% from June 21

Russian gas monopoly Gazprom prepares to cut gas supplies to Belarus by 85% from June 21, RIA Novosti news agency reported citing an official with the company.

The official said this will be done if Belarus fails to pay off almost $192 million debt for gas supplies to Russia.

The gas price stipulated by the contract is $169 per cubic meter. However Belarus pays $150 per cubic meter which led to the arrears worth $192 million by May 1. According to Gazprom estimations by the year end the gas debt of Beltransgaz may reach $500-600 million.

Source:

http://english.ruvr.ru/2010/06/18/10094266.html


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