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Gazprom Said to Stall on RWE Talks as German Power Falters

OAO Gazprom, the world’s biggest natural-gas exporter, is stalling on talks to create a European power-plant venture with RWE AG because of deteriorating profits in Germany, two people familiar with the matter said.

Gazprom and RWE agreed last week to keep talks going for several more months in a second extension since July, another person said. The companies haven’t yet agreed on the assets and need more time to monitor demand and margins in Germany, the other people said, declining to be identified because the matter is confidential.