According to the deal, Gazprom will make the purchase in four steps between 2007 and 2010, buying a 12.5 percent share for $625 million at each stage.
Earlier today, Russian and Belarusian officials had indicated that the deal would be postponed.
(ITAR-TASS, Reuters, AP, AFP)
An OPEC For Natural Gas?
A tanker carries liquified natural gas to markets in Asia (AFP)
COMING TOGETHER? PFC energy analyst Nikos Tsafos and RFE/RL energy analyst Roman Kupchinsky discussed with an RFE/RL briefing what the likelihood is of a natural-gas-producers consortium being formed and what such an organization might look like.
LISTENListen to the entire briefing (about 70 minutes):
Real Audio Windows Media