The price for Russian gas deliveries to China will be fixed in the
first half of 2011, Russia’s top energy official Igor Sechin said on
Tuesday.
“We have agreed that the price parameters will be determined in the
first half of next year,” said Sechin, who is also a deputy prime
minister.
Deliveries could start in 2015, he added.
Sechin was speaking in northeast China’s Tianjin after a meeting with
Chinese vice-premier Wang Qishan, responsible for energy affairs.
His trip comes ahead of a September 26-28 visit to China by President Dmitry Medvedev.
Gazprom deputy head Alexander Medvedev (no relation to the Russian
leader), also said in Tianjin that the basic terms for Russian gas
deliveries to China would be agreed on during the president’s visit.
“We plan to sign off on the basic conditions for deliveries,” he
said, adding that these would include “volumes, extraction points and
take-or-pay terms.”