Russian energy minister says China could pay advance of up to $25 bln

SHANGHAI Wed May 21, 2014 7:37am EDT

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SHANGHAI May 21 (Reuters) - Russian Energy Minister Alexander Novak said on Wednesday China could pay up to $25 billion up front as an option in a newly signed gas deal.

Asked whether the Chinese side would pay about $25 billion up front for future gas supplies, Novak told reporters in Shaghai: "Up to $25 billion ... The advance is seen as an option, a possibility." (reporting by Alexei Anishchuk, writing by Elizabeth Piper, editing by Steve Gutterman)