AT:Gazprom: 'Good Chance' To Reach China Gas Deal By Year-end
MOSCOW -(Dow Jones)- Russia hopes to finalize a long-term natural-gas supply deal with China before the end of 2011, Alexander Medvedev, deputy chief executive of state gas producer OAO Gazprom (GAZP.RS) said Monday after the two countries failed to reach a deal Thursday.
"I think there is a good chance to reach a deal by the end of this year," Medvedev said.
Russia had hoped to sign a deal with the Chinese during talks between Russian Prime Minister Vladimir Putin and Chinese President Hu Jintao in Moscow Thursday, but they couldn't agree on the price.
-By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495 232-9197, jacob.pedersen@dowjones.com
