Russia, Belarus discuss cooperation in gas sector

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AK&M 14 September 2020 20:04

Alexey Miller, Chairman of the Management Committee of PJSC Gazprom, Vladimir Semashko, Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to the Russian Federation, and Viktor Karankevich, Minister of Energy of the Republic of Belarus, held a working meeting in St. Petersburg. The parties reviewed current and prospective issues related to cooperation in the gas sector, Gazprom informed.

The contracts between Gazprom and Gazprom Transgaz Belarus for gas supplies to and gas transportation across Belarus are valid until the end of 2020. On February 14, 2020, Gazprom and the Government of the Republic of Belarus signed the Protocol outlining the pricing procedure for natural gas supplies to Belarus in 2020.

PJSC Gazprom (tax number: 7736050003) is the world's biggest gas company. Its authorized capital is RUB 118.367 billion and consists of 23,673,512,900 common shares with a face value of 5 rubles. The company has several hundred thousand shareholders in Russia and abroad. The Russian Federation owns more than 50% of Gazprom's shares. The Bank of New York Mellon is the depositary of Gazprom's ADR program.

IFRS profit of PJSC Gazprom for the first half of 2020 dropped by almost 95% to RUB 45.46 billion from RUB 878.644 billion a year earlier. Revenue from sales decreased by almost 29% to RUB 2.903 trillion from RUB 4.077 trillion, profit from sales by 75% to RUB 189.985 billion from RUB 780.878 billion. Loss before tax was RUB 16.806 billion against a profit of RUB 1.125 trillion.