November 23, 2010 / 10:22 AM / 8 years ago

Russia sees no China gas price deal until mid-2011

ST PETERSBURG, Russia, Nov 23 (Reuters) - Moscow and Beijing are unlikely to agree on the price of Russian gas supplies to China before the middle of next year, Russian Deputy Prime Minister Igor Sechin said on Tuesday.

“I think by next summer we will be able to discuss concrete parameters for a commercial contract,” Sechin told reporters.

“The work is ongoing according to plan. This plan calls for the signing of a concrete agreement, the review of a concrete proposal, approximately by the middle of next year.”

Gas is set to be on the agenda in Tuesday’s talks between Russian Prime Minister Vladimir Putin and his Chinese counterpart Wen Jiabao in Russia’s northern city of St Petersburg. (Reporting by Alissa de Carbonnel; Writing by Toni Vorobyova; editing by Guy Faulconbridge)

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