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. Last Updated: 07/27/2016

Gazprom, EDF Clinch U.S. Delivery Deal

Gazprom and France’s EDF clinched a gas-swap deal that will allow the Russian firm to further penetrate U.S. markets, the two companies said Tuesday.

EDF agreed to deliver 0.5 billion cubic meters of gas per year to Gazprom in the United States for the next five years in exchange for the same volumes that Gazprom would deliver to EDF in the United Kingdom.

(Reuters)