Wed, September 29, 2010
China > China & World

Russian oil giant Rosneft wants to join gas supply plan to China

2010-09-29 15:08:25 GMT2010-09-29 23:08:25 (Beijing Time)  Xinhua English

MOSCOW, Sept. 29 (Xinhua) -- Russia's largest oil company Rosneft plans to negotiate with natural gas monopoly Gazprom over its participation in a gas supply plan to China, Rosneft's new President Eduard Khudainatov said Wednesday.

"Rosneft could deliver gas to China and we want to consider possible cooperation with Gazprom," Khudainatov was quoted by the RIA Novosti news agency as saying.

He said he would discuss the issue with Gazprom chief executive Alexei Miller soon, adding that "entering the market jointly would be desirable."

Khudainatov said the company has already sold industrial oils to its Chinese partners to fill in the pipeline to China.

Rosneft is one of the largest independent gas producers in Russia. Natural gas output accounts for about 10 percent of the company's overall hydrocarbon production. Its gas production potential exceeds 55 billion cubic meters per year.

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