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Gazprom Chases China as Europe Demand Falters: Russia Overnight

OAO Gazprom, the world’s largest natural gas producer, will strive to forge supply deals with India and China this year as it seeks to win customers outside of Europe, where demand is waning.

Gazprom will sign a contract in 2012 to supply liquefied natural gas to India, Alexander Medvedev, the company’s deputy chairman, said in an interview in New York yesterday. Moscow-based Gazprom also “optimistically expects” to cut a deal with China this year, though pricing is still an issue, he said.