Russia to cut natural gas supplies to Belarus 45% from August 3

( RIA Novosti ) - Russian gas giant Gazprom said Wednesday it would reduce natural gas deliveries to Belarus by 45% from August 3 over outstanding payments, adding that Europe-bound supplies would not be affected.

Minsk owes Russia over $450 million for natural gas supplied in the first half of the year, and Gazprom said Belarus had not provided any guarantees that the debt would be repaid.

"In line with the contract, the daily volume of natural gas delivered to Belarus will be cut by 45% in proportion to actual payments from 10.00 a.m. on August 3," the company said.

On December 31, 2006, Russia and Belarus signed a contract on natural gas supplies to Belarus and Europe-bound deliveries transited via Belarus in 2007-2011. Under the deal, Russia increased the natural gas price for Belarus from $46.68 per 1,000 cubic meters to $100 from 2007, and fixed a price formula effective from 2008 and similar to that for European countries.

The parties agreed that Belarus pay 55% of the total price in the first half of the year, and start paying the full amount from July 1. Belarus was to repay any outstanding debt by July 23, which the country failed to do.

Gazprom pays some $30 million a month for transit through Belarus. In late December, the countries signed a protocol on Gazprom buying a 50% stake in Belarusian pipeline operator Beltransgaz for $2.5 billion in installments over four years. Gazprom has already paid $625 million for a 12.5% stake in Beltransgaz.

Consequently, Gazprom said, Minsk has had time to get used to the new price.

The company has officially informed Beltransgaz of the move, and Belarusian Energy Minister Alexander Zhukov said the government is drafting proposals to rectify the situation.

"The Belarusian side will spare no effort to resolve the situation and prevent cuts in Russian natural gas deliveries to Belarus," he said.

Beltransgaz is to guarantee uninterrupted transit to European consumers who have also been informed of the steps.

"Gazprom will do everything possible to ensure Russian natural gas is transported through Belarus in full compliance with current commitments to European consumers," Gazprom said.

Uzbekistan simplifies entry procedure for foreign civil aviation operators
Uzbekistan simplifies entry procedure for foreign civil aviation operators
Russian locomotives producer to send passenger wagons to Kazakhstan
Russian locomotives producer to send passenger wagons to Kazakhstan
Turkey discloses details of Lapis Lazuli Route Agreement
Turkey discloses details of Lapis Lazuli Route Agreement
Loading Bars
Latest
King of Morocco congratulates Azerbaijani president
EKVITA Experience in Embracing Threats
Number of companies with French capital registered in Turkey shrinks
Food price index slightly increases in Azerbaijan
Pedestrian bridge being constructed in Uzbekistan's Navoi city
Uzbekneftegaz continues to increase gas production in Uzbekistan's Bukhara region
Turkmenistan, Russia to sign memorandum on cooperation in energy sector
Iranian Foreign Ministry congratulates Azerbaijani people on Republic Day
Turkmenistan, OSCE discuss measures to combat terrorism financing
Azerbaijan increases import of cars from Turkey
Uzbekistan to build modern greenhouse complex in Tashkent region
Production in Azerbaijan's chemical industry grows
Oil production in Turkmenistan's Cheleken Peninsula grows
Iran launches first data center for satellite information
Uzbekistan simplifies entry procedure for foreign civil aviation operators
Azerbaijan’s Fostanpak to expand manufacturing of plastic products
Kazakhstan to supply locally produced electricity to Kyrgyzstan
Uzbekistan aims to reboot its tourism industry
Russian locomotives producer to send passenger wagons to Kazakhstan
Azerbaijan boosts import of grain and legumes from Turkey
Uzbekistan sales its share in hotel to Singaporean company
Azerbaijani president, first lady inaugurate Gobu Park-3 residential complex for IDPs (PHOTO)
Azerbaijan, Belarus could arrange joint oil refining and sale
Deutsche Bank ready to expand presence in Turkmenistan
Georgian bank offers its shares in Uzbekistan
UAE allocates aid to Tajikistan to support its COVID-19 battle
Kazakhstan to up its renewable energy output before year-end
TAP intends to proceed with subsequent phases of market test
Kazakhstan’s oil producing company to buy welding equipment via tender
Turkmenistan, French Total discuss prospects for cooperation in oil, gas industry
Kazakhstan's national sea carrier reveals oil transportation volume via Caspian Sea
Kazakhstan slightly increases import of ready-made clothes from Turkey
Petrofac extends contract for Iraq Crude Oil Export Expansion Project
Import of ready-made clothes by Azerbaijan from Turkey surges
Georgian government eyes to reduce budget expenditures
Commission for economic growth restoration set up in Kazakhstan
Iranian president: import of basic goods increases
Consumer spending on pharmaceutical products greatly increases in Azerbaijan
Turkey discloses details of Lapis Lazuli Route Agreement
Georgian banks may finish 2020 with losses
Azerbaijani oil prices slump
President Ilham Aliyev visits monument to Azerbaijan Democratic Republic (PHOTO)
Kazakhstan, Russia trade drops slightly in 1Q2020
Eurogas: Europe needs more integrated energy infrastructure
Overview of Azerbaijani manat against major currencies for 1Q2020
First Vice-President Mehriban Aliyeva: May our independence last forever! May Almighty God bless our native Azerbaijan! (PHOTO)
Georgian Airways to launch charter flights to Amsterdam, Tel Aviv
Tehran former mayor elected new speaker of Iranian parliament
Turkey sees drastic fall in number of tourists from France
Georgia to subsidize mortgage loans to citizens
Kazakh national atomic company's subsidiary to buy DC motor via tender
Number of Uzbek tourists visiting Turkey in April 2020 sharply down
Uzbek Commodity Exchange receives record net profit
Kazakhstan's KazMunayGas to double its dividend payments for 2019
Number of Turkmen tourists visiting Turkey in April 2020 shrinks
President Ilham Aliyev: I am sure that our independence development will be continuous and Azerbaijan`s state independence will live forever (PHOTO)
MEDEF: Azerbaijani and French companies have tangible business opportunities in at least 4 sectors
Georgia negotiating with Czechia to resume direct flights
Volume of cargo transited from France through Turkey disclosed
Iran's gold industry needs support
Armenia violates ceasefire with Azerbaijan 23 times
Iranian government looks to sell shares on stock exchange
5 million beating hearts of Azercell! (PHOTO/VIDEO)
Geostat: Georgia increases fruit exports
US Secretary of State congratulates Azerbaijani people on Republic Day
Uzbek-Korean JV buys waterproofing materials via tender
Kyrgyzstan reports 74 new COVID-19 cases
New COVID-19 cases registered in Kazakhstan
S.Korea reports 79 more COVID-19 cases, 11,344 in total
Azerbaijan marks Republic Day
Chinese mainland reports no new domestically transmitted COVID-19 cases
Trump promises to veto FISA bill if it is passed by House of Representatives
English Premier League's coronavirus positive cases rise to 12
WHO reports daily increase in coronavirus cases worldwide by over 84,000
UK COVID-19 deaths hit 37,460 after another 412 patients die
Boeing restarts 737 Max factory in step to jet’s comeback
NASA, SpaceX postpone historic astronauts launch for weather reason
U.S. coronavirus deaths top 100,000 as country reopens
Singapore reports 533 new COVID-19 cases, 32,867 in total
US clamps down on waivers tied to Iran's nuclear cooperation
Trump threatens social media shutdown over Twitter fact-check label
Boeing cutting more than 12,000 U.S. jobs with thousands more planned
111-year-old woman recovers from coronavirus in Chile
Germany reports 362 new COVID-19 cases, total now at 179,364
Floods kill at least 285 in Kenya
Saudi Arabia registers 1,815 new COVID-19 cases
Putin gets invitation from UK's Johnson on coronavirus vaccine summit: Kremlin
Azerbaijan discloses number of coronavirus tests
EU needs to focus on Brexit negotiations - UK negotiator
Ukraine’s President Volodymyr Zelensky makes phone call to Azerbaijan’s President Ilham Aliyev
EU warns against overloading pandemic relief package for banks
175 Azerbaijani citizens returned via charter flight from Moscow to Baku (PHOTO)
France bans hydroxychloroquine to treat COVID-19 patients
Netherlands reports 15 new COVID-19 deaths
Cement export from Turkey to Georgia down
Export of Turkish clothing to Uzbekistan falls significantly
Azerbaijan increases import of chemicals from Turkey since start of 2020
Turkmenistan's Turkmennebitonumleri launches gas station repair in Lebab region
Balance crumbles, as Iran's export to China drops, imports increase
Turkey's export of wood, furniture to Azerbaijan increases
All news