Bloomberg News

China Proposes Gas-Storage Venture to Gazprom, RIA Novosti Says

June 05, 2012

China has proposed a joint-venture to OAO Gazprom, the world’s largest natural-gas exporter, to build underground gas-storage facilities in China, RIA Novosti reported.

Gazprom may take a 49 percent share in the proposed venture and China 51 percent, RIA reported, citing Sergei Khan, a department head at Gazprom speaking at the World Gas Conference in Kuala Lumpur.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


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