TNK-BP Management on Friday was expelled from the Russian Gas Producers Association but will not seek to restore its membership, a company spokesman said.
The company’s RGPA membership was formally terminated because it had failed to pay 4 million rubles ($142,788) in membership dues.
According to the RGPA, the company last paid its membership fees in April 2009.
TNK-BP Management is a managing company of TNK-BP Holding that is a subsidiary of the Russian-British joint venture TNK-BP.
The RGPA comprises over 100 companies that account for 97% of Russia’s natural gas production.
It aims to regulate domestic gas prices, financial settlements, sales, and distribution across Russia.
MOSCOW, April 22 (RIA Novosti)