Alexey Miller and Vladimir Semashko address co-operation in gas sector

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Vladimir Semashko, Prime Minister of the Republic of Belarus.

The parties addressed the progress with the cooperation in the gas sector. It was pointed out that Gazprom secured reliable gas supplies to Belarusian consumers. In 2014 the Company delivered 20.05 billion m³ of gas. The work is in process to expand the gas transmission system of the Republic.

The meeting also discussed Gazprom's participation in the socioeconomic development of Belarus. In particular, the issues of using hi-tech products and technologies of Belarusian manufacturers at Gazprom's facilities are under consideration as part of the Roadmap signed in November 2014.

Background

On 25 November, 2011 the Russian Federation Government and the Government of the Republic of Belarus signed:

• The agreement on the prices (tariffs) formation procedure for natural gas supply to the Republic of Belarus and transmission via gas pipelines located in the country.
• The agreement on the terms and conditions for shares purchase and sale and further activities of Beltransgaz.

In furtherance of the above-mentioned documents, Gazprom and Beltransgaz signed on 25 November, 2011, contracts for gas supply to Belarus and gas transmission via the Republic for 2012 – 2014. In addition, Gazprom and the State Property Committee of the Republic of Belarus entered into the purchase and sale contract for a 50 per cent stake in Beltransgaz. Taking account of the 50% stake in Beltransgaz acquired by Gazprom between 2007 and 2010, Gazprom became the owner of 100% of Beltransgaz (present Gazprom Transgaz Belarus) shares.

Adapted from press release by Hannah Priestley-Eaton

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