
MOSCOW, April 11 (UPI) -- Russian gas company Gazprom aims to finalize the details of a long-term gas supply contract with officials in China, an executive said from Moscow.
Gazprom officials Monday headed to Beijing to start commercial negotiations with China on natural gas supplies, Russia's state-run news agency RIA Novosti reports.
Pavel Oderov, who heads Gazprom's international business department, said both sides aim to discuss the terms of a 30-year contract for an estimated 1.05 trillion cubic feet of gas per year.
The basic terms of the agreement were signed by Russian President Dmitry Medvedev during a September trip to China.
Natural gas supplies to China would come through the $14 billion Altai gas pipeline, which complements existing networks from the Russian border with China.
The International Energy Agency estimates that demand for natural gas in China will grow 25 percent within the next decade.
Alexei Miller, the chief executive at Gazprom, said in December that his "company is gradually moving eastward."
|
|
|
|
|
|
| Additional Energy Resources Stories | |
ALGIERS, Algeria, May 24 (UPI) --
Algeria's government is under pressure to ease its foreign energy investment laws after BP warned it may delay important projects in the North African state.
|
ARLINGTON, Va., May 24 (UPI) --
BAE Systems has received a two-year contract extension from the U.S. Army Space and Missile Defense Command to support its Future Warfare Center.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption