icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
29 Nov, 2006 07:42

Gazprom of Russia and Beltransgaz of Belarus to form JV

Gazprom of Russia and Beltransgaz of Belarus to form JV

Russian gas monopoly Gazprom and Belarusian pipeline monopoly Beltransgaz may form a joint venture by the end of the year, according to Russian President Vladimir Putin.

Putin made the prediction at the recent CIS leaders summit in Minsk.

Each party would hold a 50% stake and co-operate in the transportation, import and distribution of Russian gas in Belarus and other parts of Europe.

Analysts say the agreement could soften Russia's demand for higher gas prices from Belarus, avoiding a possible stand-off between the two countries.