Gazprom expects to sign an agreement in September on the basic terms of a deal to provide gas supplies to China and aims to conclude the deal by the end of this year, the company said.
"We have moved forward in talks, [but] the pricing formula is still under discussion," said a spokesman.
Gazprom said its chief executive officer, Alexei Miller, and the chairman of China National Petroleum Corp (CNPC), Zhou Jiping, had met in Moscow "to discuss the issues of a long-term gas supply deal."
In March, Gazprom and China signed a memorandum of understanding on supplies of 38 billion cubic meters of Russian gas to China each year via a pipeline, starting from 2018.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
