Russian gas giant Gazprom and Belarus signed an agreement on gas supplies to the country in 2007 in last-minute talks, averting a threatened gas cutoff to Belarus.
Gazprom chairman Alexei Miller was quoted as saying Belarus would buy gas at 100 U.S. dollars per 1,000 cubic meters next year, more than doubling what Belarus paid in 2006 -- 46.7 dollars per 1,000 cubic meters -- for Russian gas.
All this means that the prices of gas might go down, or as some fear, even go up. Whatever the result, one things for sure, people have got to start investing in Oil shares and in the Oil Market asap, as this boom isn't going to last for long.
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Sunday, December 31, 2006
Gazprom signs agreement with Belarus on 2007 gas supplies!
