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Petrochina Chairman: Still discussing natural gas supply deal with Russia

BY WAYNE MA

BEIJING -- Petrochina is still discussing a natural gas supply deal with Russia, though talks haven' t touched on prices yet, said the company' s chairman Jiang Jiemin.

Russia and China have been negotiating for years on whether to build two pipelines to deliver gas from East Siberia to China, but the projects haven' t progressed due to disagreements between the two over the price of the gas. Speaking on the sidelines of China' s annual legislative National People' s Congress, Mr. Jiang said his company is still studying investments in the U.S. He added Cnooc' CEO purchase of Canada' s Nexen has no impact on his company' s U.S. investment prospects.

Dow Jones Newswires

03/04/2013

 

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