Gazprom, CNPC to Ink Gas Supply Deal

Alexey Miller, Chairman of the Gazprom Management Committee and Zhou Jiping, Chairman of CNPC met on Wednesday in Beijing to discuss the issues of Russian natural gas supply to the Chinese market via the eastern route.

“The parties noted that the negotiations were progressing as per schedule and the contract would enter into force in accordance with the previously agreed Major Terms – till late 2014,” Gazprom said in a statement.

“It was suggested that the contract should be prepared for signing during Russian President’s visit to China scheduled for this May,” the company added.

[mappress]