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. Last Updated: 07/27/2016

Miller, EU Seek End to Contract Spat

BRUSSELS, Belgium — Gazprom chief Alexei Miller said Monday he hoped to solve a dispute with the European Union over the terms of gas contracts early next year.

The European Commission has been pressing Russian and Algerian gas producers to drop clauses in long-term contracts with European companies that bar the importer from reselling gas to another EU state as a violation of the single EU energy market.

"This question of territorial limitations was touched on during today's conversations," Miller told reporters after meeting commission officials.

"We expect that this question will be fully solved towards the end of January," he added.

Miller also said that in his talks with Francois Lamoureux, the head of the commission's general director for energy, both sides had agreed that any future energy cooperation would be based on long-term contracts, rather than spot prices.