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Russia to sell gas to China

27 September 2010 10:51 (UTC +04:00)

Baku - APA-Economics. A visit by Russian President Dmitry Medvedev to Beijing has not brought a deal on gas pricing with China, the vital element that would allow the world’s top gas exporter to sell to the fast-growing Chinese market, Reuters Africa reported.

"We are still in talks, the talks will continue, we are now agreeing on separate parameters," Russia’s Deputy Prime Minister Igor Sechin told reporters on Monday.

"Russia is ready to fully ensure China’s increasing demand for gas. There is a mutual understanding. If we come to an agreement on all matters discussed -- we have no doubts in it in principle -- then Russian gas exports will start from 2015. We expect commercial contracts by the middle of 2011."