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Gazprom to Cut Belarus Gas Price, Gains Pipeline Control
Nov. 25, 2011 12:24PM PST
Oil and Gas InvestingBloomberg reported that OAO Gazprom (MCX:GAZP) will acquire control of Belarus’s pipelines in exchange for lower gas prices to the country.
Bloomberg reported that OAO Gazprom (MCX:GAZP) will acquire control of Belarus’s pipelines in exchange for lower gas prices to the country.
As quoted in the market news:
Belarus will pay $165.60 per 1,000 cubic meters for gas in 2012, according to deals signed today outside Moscow as Presidents Dmitry Medvedev and Aleksandr Lukashenko met, Gazprom said by e-mail. That compares with an average $279 per 1,000 cubic meters the country paid in the third quarter.