Russia’s Gazprom may sign deal with China by February

Russian gas giant Gazprom may sign a contract on gas supplies to China before February 2014, CEO Alexei Miller said.

“We expect (the signing). The contract’s readiness is high. Definitely, only one issue has left, it is the basis price. We are coinciding on it,” Miller said.

Gazprom earlier agreed on almost all conditions to supply 38 billion cubic meters of gas to China annually. Investment decisions on the construction of infrastructure for gas supplies will be made after the signing, Miller said.

SOURCE: PRIME, 2013

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