BELARUS NEWS AND ANALYSIS

DATE:

21/06/2010

Gazprom expects Belarus to pay off debt

Interfax-Ukraine

Gazprom is continuing to hold consultations with its Belarusian partners after Russia began to restrict natural gas supplies to Belarus for not paying a $200 million debt in time.

"A Belarusian delegation, including Beltransgaz General Director Vladimir Mayorov, is currently at Gazprom [headquarters] and contacts with the Belarusian government continue by phone. Its just contacts, because there is no object of negotiation. There is only one issue: debt repayment," Gazprom spokesman Sergei Kupriyanov told reporters.

Belarus unilaterally pays Russia the 2009 price of gas ($150 per 1,000 cubic meters) in 2010, whereas the actual average price in January-April reached $174 per 1,000 cubic meters.

Gazprom fears that Belarus's debt for gas may climb to $500-600 million by the end of this year because of this situation.

Source:

http://www.kyivpost.com/news/russia/detail/70364/

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