Moscow
MIN -16
MAX -9
Sunny / 03:58 PM / Traffic

Gazprom Wants Advance Pay

Gazprom wants China to pay upfront for gas to meet 40 percent of the costs of building a pipeline between the countries, Russia's energy minister said Thursday, after the company reported progress in talks with Beijing.

Top energy producer Russia has been in negotiations to supply fuel-hungry China with natural gas for years, but the talks have stalled due to failure to agree a price.

"It's 40 percent of the pipeline construction costs. That's the figures Gazprom is using during the talks," Alexander Novak said when asked whether Russia wants China to pay in advance for the pipeline construction.

"We made a step forward today," Gazprom's chief executive Alexei Miller said.

(Reuters)

Related articles:

From the Web

Dear reader,

Due to the increasing number of users engaging in personal attacks, spam, trolling and abusive comments, we are no longer able to host our forum as a site for constructive and intelligent debate.

It is with regret, therefore, that we have found ourselves forced to suspend the commenting function on our articles.

The Moscow Times remains committed to the principle of public debate and hopes to welcome you to a new, constructive forum in the future.

Regards,

The Moscow Times