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Putin ratifies Beltransgaz purchase, gas prices for Belarus

The law also stipulates conditions for natural gas supplies to Belarus and transportation via the republic’s territory, guarantees for investments and waiver from immunity

MOSCOW, January 2 (Itar-Tass) — Russia’s President Vladimir Putin signed two laws on purchase of Beltransgaz’ 50 percent shares and on gas prices for Belarus.

The first federal law ratifies the intergovernmental agreement between the two countries, under which Gazprom buys 50 percent shares of Beltransgaz and which outlines the company’s further activities. The agreement was signed in November of 2011 in Moscow.

The law also stipulates conditions for natural gas supplies to Belarus and transportation via the republic’s territory, guarantees for investments and waiver from immunity.

The second federal law ratifies a bilateral agreement on formation of prices and tariffs for supplies of natural gas to Belarus and for its transportation via the republic’s gas pipelines. The agreement was signed in November of 2011 in Moscow.