Russia, China Gas Deal Likely in May

Gazprom is likely to finalise an agreement on Russian natural gas supplies to China in two months, company’s deputy CEO Valery Golubev told reporters Thursday, reports Russia’s RIA Novosti.

"We are in talks with Chinese partners, we have determined a price formula and volumes and can possibly reach an agreement with China in the next two months," Golubev said.

The final agreement has been repeatedly gotten delayed over difference, mainly on the price.

According to RIA Novosti the deal is widely expected to be signed during Russian President Vladimir Putin's visit to Beijing in May.

The project envisages the construction of a new Russian pipeline to China. Gazprom has delayed its launch to 2020 from 2018 expected earlier.

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