Gazprom gas deal with China nearly ready: deputy minister

MOSCOW Mon May 12, 2014 3:56am EDT

A general view of the headquarters of Russian gas giant Gazprom during the company's Annual General Meeting of shareholders in Moscow June 29, 2012. REUTERS/Maxim Shemetov

A general view of the headquarters of Russian gas giant Gazprom during the company's Annual General Meeting of shareholders in Moscow June 29, 2012.

Credit: Reuters/Maxim Shemetov

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MOSCOW (Reuters) - Russian Deputy Energy Minister Anatoly Yanovsky said on Monday a long-awaited deal for natural gas producer Gazprom (GAZP.MM) to supply China with gas was close to completion.

"We hope that the negotiations will be completed as scheduled," Yanovsky told reporters, a little more than a week before President Vladimir Putin visits China. "The contract is, I would say, 98 percent ready."

Gazprom, Russia's top natural gas producer, has been in talks on gas supplies to China for over a decade. In April, it said it was aiming to finalize the deal this month.

(Reporting by Katya Golubkova, Writing by Lidia Kelly, Editing by Timothy Heriatge)

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Comments (1)
Calfri wrote:
Well, if China decides it wants to buy a lot of gas and oil from Gazprom, while at the same time Russia wants to cut off supplies of gas and oil to Europe because of the West’s sanctions, maybe the United States should take the gas and oil it sells to China and sell it to Western Europe instead.

May 16, 2014 5:18pm EDT  --  Report as abuse
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