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12/30/06

BusinessWeek.com: Russia's Gazprom warns Belarus of cutoff - by STEVE GUTTERMAN

For the complete report in Businessweek.com click on this link

Russia's Gazprom warns Belarus of cutoff - by STEVE GUTTERMAN

Russia's natural gas monopoly warned neighboring Belarus on Saturday that it had little over 24 hours to give in to a price hike and avert a New Year's Day supply cutoff, but there was no sign of a resolution in the bitter dispute that could affect European deliveries.

A Belarusian official said the ex-Soviet republic was hoping for a new agreement by Sunday, when the existing contract expires, but a spokesman for the state-controlled Russian company OAO Gazprom said the tone of talks was not promising and reiterated the threat to halt supplies at 10 a.m. on Jan. 1. "Little more than a day remains, and there is no more time to delay," Sergei Kupriyanov said.

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