OREANDA-NEWS. April 3, 2008.  The Gazprom Headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Vladimir Semashko, First Deputy Prime Minister of the Republic of Belarus.

The meeting discussed the main issues of bilateral cooperation in the gas area. It was pointed out that the gas price for Belarus was calculated based on a contractual price formula linked to the value of oil products in Europe.

In the course of the negotiations the parties also addressed issues with regard to Beltransgaz’s current activities. Special emphasis was placed on the company’s fund allocations to the Belarusian Innovative Foundation. Gazprom draw the Belarusian partners’ attention to the fact that such allocations were in contradiction with the acquisition terms for a 50 per cent stake in Beltransgaz.

Alexey Miller and Vladimir Semashko decided to set up a joint working group for a power plant construction project in the Republic of Belarus.