Bloomberg News

Gazprom Says Waiting for China to Make ‘Renewed’ Gas Proposal

February 01, 2012

Feb. 1 (Bloomberg) -- OAO Gazprom, the world’s biggest gas producer, expects a “renewed proposal” from China soon, after failing to sign a contract last year.

“We are waiting for a renewed proposal from our Chinese partners, which we feel will be in the nearest future,” Pavel Oderov, head of Gazprom’s department for foreign business, said during an analyst call today.

Most commercial terms, except price, have been agreed on, Oderov said.

Gazprom, Russia’s gas export monopoly, is still discussing construction of a pipeline along the so-called Western route, which may supply about 30 billion cubic meters.

To contact the reporter on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net

To contact the editor responsible for this story: Torrey Clark at tclark8@bloomberg.net


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