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China in Talks with Gazprom
14.06.2011 14:35
China in Talks with Gazprom

China National Petroleum Corporation and Russian oil monopoly are still on talks on a gas supply.

      According to the Moscow Times, China may pay $700 billion over 30 years for Russian gas under a long-term contract being negotiated by the countries. Russian Gazprom plans to supply China with about 68 billion cubic meters a year of natural gas.

      "For China, imports of Russian gas will provide a further pillar to prop up its rapidly growing gas market, which is already attracting growing volumes of liquefied natural gas by ship and receiving Turkmen gas via a pipeline", according to Reuters.



Author: Ksenia Dzhalagonia

Tags: Gazprom Resources    

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