OREANDA-NEWS. On April 02, 2007 the Gazprom Headquarters has hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Alexander Ozerets, Energy Minister of the Republic of Belarus, reported the press-centre of  Gazprom. The parties discussed cooperation issues in the gas sector. Particularly, the meeting examined the progress with preparing a Sale and Purchase Agreement to acquire a 50% stake in Beltransgaz.

Reference:
On December 31, 2006, Gazprom and the Republic of Belarus signed the Protocol stipulating Gazprom’s acquisition of a 50% stake in Beltransgaz. Under the Protocol terms, Gazprom will pay US$ 2,5 bln in equal payments for a 50 per cent stake in Beltransgaz over the next four years. On December 31, 2006, Gazprom and Beltransgaz signed the Gas Supply and Transit Contract for 2007-2011. The parties identified the price of Russian gas for 2007 (US$ 100 per 1,000 cu m), the pricing formula starting from January 1, 2008 (which is in line with the Russian gas supply pricing formula for Europe).