Gazprom Eyes China Deal
- Jun. 21 2013 00:00
- Last edited 19:37
Gazprom expects to sign an agreement in September on the basic terms of a deal to provide gas supplies to China and aims to conclude the deal by the end of this year, the company said.
"We have moved forward in talks, [but] the pricing formula is still under discussion," said a spokesman.
Gazprom said its chief executive officer, Alexei Miller, and the chairman of China National Petroleum Corp (CNPC), Zhou Jiping, had met in Moscow "to discuss the issues of a long-term gas supply deal."
In March, Gazprom and China signed a memorandum of understanding on supplies of 38 billion cubic meters of Russian gas to China each year via a pipeline, starting from 2018.