Gazprom, CNPC discuss gas supplies


Gazprom, CNPC discuss gas supplies


MOSCOW -- Gazprom Chief Executive Alexei Miller held talks Wednesday with senior officials from China National Petroleum Corp., Gazprom said in a statement, as Russia and China try to conclude a long-discussed gas-supply deal.

State-controlled Gazprom, the world's largest gas producer, said last month that it was aiming to sign a supply contract with CNPC by the end of 2013.

Mr. Miller and CNPC executives, including CEO Jiang Jiemin, discussed the main commercial and technical parameters for deliveries of pipeline gas to China, Gazprom said in the statement. The main route under consideration is the "strength of Siberia" pipeline, it said. This pipeline is planned to take gas from fields in Russia's Far East to the Asia-Pacific market from 2017. The companies also discussed potential deliveries from Gazprom's planned gas liquefaction plant in Vladivostok on Russia's Pacific coast.

Gazprom is seeking to boost supplies to Asia amid falling demand and regulatory pressure in its most lucrative European market.

Russia has for years sought to reach a deal with China, but talks have been hobbled by disagreements over price and potential routes.

Dow Jones Newswires


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