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Beltransgaz, Gazprom resume talks on pipeline JV

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MINSK, December 12 (RIA Novosti, Olesya Luchaninova) - Belarussian Economics Minister Nikolai Zaichenko said Monday that his country's natural gas pipeline operator Beltransgaz and Russian energy giant Gazprom had resumed negotiations to set up a joint venture, after almost a year-long suspension over disagreements on the value of Beltransgaz's assets.

Zaichenko said the sides had agreed to invite an independent evaluator to assess Beltransgaz's actual worth. He also said the Belarusian government was buying back the 0.103% stake sold to the company's staff in a privatization campaign.

Gazprom CEO Alexei Miller said last week that the successful completion of the talks would give Gazprom "control over Belarus' entire gas transportation system."

The establishment of a Gazprom-Beltransgaz JV is envisaged by an April 2002 intergovernmental agreement.

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