Russia-Belarus gas deal averts disruptions in Europe - by Steven Lee Myers
As a New Year's deadline arrived, Russia's natural gas monopoly, Gazprom, struck a deal early Monday to supply gas to Belarus for the next five years, averting a price dispute that threatened to disrupt supplies to Europe, the company said in a statement. The agreement, reached as the Russian capital celebrated the New Year with rolling displays of fireworks, more than doubled the price that Belarus will pay for natural gas this year and raised it significantly in the years to come.
For Belarus, a close ally of Russia, the price of gas would rise to $100 per thousand cubic meters in 2007, from $46 now, and increase steadily to the level paid by European countries by 2011, the company said.
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