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Gazprom Seeks $40 Billion Advance in China Gas Deliveries, Vedomosti Says

By Jack Jordan - 2011-07-08T04:02:12Z

OAO Gazprom may be seeking an advance payment of as much as $40 billion against future deliveries of gas to China, Vedomosti reported, citing unidentified people close to the Russian gas export monopoly and Russia’s government.

The proposed payment would be made between 2012 and 2015 for deliveries over 30 years, starting from 2015-2016, the newspaper said.

To contact the reporter on this story: Jack Jordan in Moscow at jjordan22@bloomberg.net

To contact the editor responsible for this story: Torrey Clark at tclark8@bloomberg.net

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