"Gazprom" Opens Belarusian Subsidiary Company

19.11.2010 14:06

"Gazprom" created a subsidiary company in Belarus - foreign private production unitary enterprise "Gazprom Transgas Zapad". "Gazprom" owns 100% of stakes in the organization, registered in Minsk. 

Previously, the State Property Committee of Belarus and «Gazprom» entered into a contract of 50% «Beltransgaz» stake sale for $2.5 billion on May 18, 2007 in order to create a joint Belarusian-Russian gas transportation organization, BelaPAN.

Under the contract «Gazprom» was to pay annually $625 million  for 12.5% of stake during 2007-2010.