Gazprom and CNPC confirm intent to sign contract for Russian gas supply to China until late 2013

Gazprom and CNPC agreed to step up the negotiations on Russian natural gas supply via the eastern route with a view to sign a gas purchase and sale contract with
a validity period until 2013. This deadline was set according to the decision of the Russian-Chinese Intergovernmental Commission on Energy Cooperation headed by Arkady Dvorkovich, Deputy Prime Minister of the Russian Federation and Wang Qishan, Vice Premier of the State Council of the People's Republic of China.

The parties confirmed the previously arranged basic parameters of Russian gas export to China, including the volume of delivered gas, the starting date of supplies and their duration, gas delivery point on the border and other conditions. In the nearest future the negotiations will be continued on the expert level to reach agreements on other supply terms as soon as possible.

In addition, the parties paid attention to LNG cooperation outlooks, primarily, to the potential interaction within the Vladivostok-LNG project.