Moody's upgrades Saudi Arabia's credit rating to Aa3 with stable outlook    Riyadh Metro to begin partial operations next Wednesday: Report    Al Okhdood halts Al Shabab's winning streak with a 1-1 draw in Saudi Pro League    Mahrez leads Al Ahli to victory over Al Fayha in Saudi Pro League    Al Qadsiah hands Al Nassr their first defeat in the Saudi Pro League    Saudi musical marvels takes center stage in Tokyo's iconic opera hall    Downing Street indicates Netanyahu faces arrest if he enters UK    London's Gatwick airport reopens terminal after bomb scare evacuation    Civil Defense warns of thunderstorms across Saudi Arabia until Tuesday    Saudi Arabia, Japan strengthen cultural collaboration with new MoU    Slovak president meets Saudi delegation to bolster trade and investment ties    Saudi defense minister meets with Swedish state secretary    Navigating healthcare's future: Solutions for a sustainable system    Al Khaleej qualifies for Asian Men's Club League Handball Championship final    Sixth foreign tourist dies of suspected methanol poisoning in Laos    Katy Perry v Katie Perry: Singer wins right to use name in Australia    Trump picks Pam Bondi as attorney general after Matt Gaetz withdraws    Al-Jasser: Saudi Arabia to expand rail network to over 8,000 km    Sitting too much linked to heart disease –– even if you work out    Denmark's Victoria Kjær Theilvig wins Miss Universe 2024    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



No sign of progress in talks between Belarus, Russian giant over gas price dispute
Published in Saudi Press Agency on 30 - 12 - 2006

Talks resumed Saturday between the Russian
state natural gas monopoly, OAO Gazprom, and Belarusian
officials seeking to avert a New Year's Day gas cutoff that
could affect European supplies, AP QUOTED officials as saying.
A Belarusian official said the ex-Soviet republic was
hoping for a new agreement on supplies of Russian gas by a
Sunday deadline, but there was no outward sign of progress
in the bitter price dispute that reflected worsening
relations between the two nations.
Negotiations that began after Belarusian energy officials
flew to Moscow late Friday resumed in the morning,
according to Gazprom spokesman Sergei Kupriyanov, but he
said progress was unlikely without «the main negotiator»
from Belarus, First Deputy Prime Minister Vladimir
Semashko.
Semashko sent a message to Gazprom outlining the
Belarusian proposal for a supply deal and was ready to fly
to Moscow once he received an answer, said Mikhail Puchilo,
deputy director of the state company that controls
Belarusian gas pipeline system, Beltransgaz.
«We hope that the sides will agree today or tomorrow and
a final decision will be adopted,» he said.
Semashko had held talks with Gazprom chief Alexei Miller
earlier in the week, but returned to Minsk and suggested
Belarus could siphon gas from pipelines carrying Russian
gas across its territory to Europe if the company cuts off
supplies meant for Belarus.
Gazprom says that it will suspend supplies to Belarus at
10 a.m. (0700GMT) Jan. 1 if no new contract is signed to
replace the one that expires Sunday, and has warned its
neighbor against disrupting deliveries to Europe.
Gazprom, which has been raising prices closer to market
levels after selling gas cheaply to ex-Soviet republics for
years, is demanding that Belarus pay US$105 (¤80) per 1,000
cubic meters in 2007 _ US$75 (¤57) in cash and US$30 (¤23)
in shares of Beltransgaz.
The price would increase annually, reaching a market-style
European price _ minus the transit cost and export duties _
by 2011. For the next four years, Belarus would pay a
portion of the cost in shares of Beltransgaz.
Puchilo said the talks were focusing on a price for next
year and the ensuing years and that Belarus «insists on an
appropriate price,» but he did not say whether Belarus was
willing to budge from what officials have said is their
offer to pay a total of US$75 (¤57) per 1,000 cubic meters
in 2007.
Belarusian President Alexander Lukashenko, whose
popularity and grip on the nation of 10 million could be
weakened if he has to swallow a sharp increase in the price
for Russian gas, accused Gazprom late Friday of blackmail.
Gazprom initially was demanding US$200 (¤152) per 1,000
cubic meters.
The European Union and Germany, which receive some of
their Russian gas via Belarus, have urged the neighbors to
resolve their dispute quickly and to guarantee supplies.
Europe is wary of a repeat of the brief supply shortages
that ensued when Gazprom halted deliveries to Ukraine
during a similar dispute a year ago.
Russia provides more than two-fifths of the EU's gas
consumption _ though most of it travels through Ukraine
rather than Belarus _ and the price war with Ukraine over
last New Year's provoked European concerns about Russia's
reliability as an energy supplier.
Gazprom has warned Belarus not to siphon gas from the
Russian-owned Yamal-Europe pipeline, which carries about
two-thirds of the some 44 billion cubic meters of gas that
transits Belarus annually en route to European countries _
mainly Germany, Poland and Lithuania.


Clic here to read the story from its source.