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Agreement in principle has been reached on addendum to contract between Belarus and Gazprom

Gazprom has reached an agreement in principle on an addendum to the 2010 contract with Belarus, said Sergei Kupriyanov, spokesman for the Russian natural gas giant, BelaPAN reports.

Under the December 31, 2006 gas supply and transit contract, which is currently in effect, Gazprom has no debt to Belarus, the spokesman stressed.

“As for an addendum to the 2010 contract, Gazprom and its Belarusian partners has reached an agreement in principle and the addendum is expected to be signed soon,” Mr. Kupriyanov said.

According to him, the addendum provides for increasing Belarus’ fee for the transit of natural gas via the territory of the country from $1.45 per 1000 cubic meters per 100 kilometers to $1.88 on condition that Minsk raise the wholesale price at which Belarusian gas supply company Beltranshaz, in which Gazprom holds 50 percent, sells gas domestically.