French energy company GDF Suez (GSZ.FR) and Russian giant OAO Gazprom (GAZP.RS) Friday said they have agreed to cooperate in exploring the possibility of Nord Stream gas pipeline expansion.

MAIN FACTS:

- Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, and GDF Suez President Jean-Francois Cirelli met Friday as part of the St. Petersburg International Economic Forum 2013.

- The parties addressed the status of cooperation in the gas sector, paying special attention to the Nord Stream project.

- The talks resulted in the signing of a document stipulating cooperation between the companies in exploring the possibility of the Nord Stream gas pipeline expansion.