Reuters AlertNet Lite - EXCLUSIVE-Russia in talks to build gas pipeline to China

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EXCLUSIVE-Russia in talks to build gas pipeline to China

31 May 2007 15:49:05 GMT
Source: Reuters

PARIS, May 31 (Reuters) - Russia is in talks to build a gas pipeline to China which should be partially completed in the next five to six years and is interested in investing further in the country's energy sector, Russia's energy minister said on Thursday.

"We will go about developing infrastructure for supplies of natural gas and crude oil to China," said Victor Khristenko, Russian minister of industry and energy, in a Reuters interview.

He said Moscow wanted to build gas pipelines from gas fields in Eastern and Western Siberia. Decisions would be made based on the development of the Chinese gas market and restructuring of its energy markets as a whole.

"Volumes, capacities and timeframe for such gas transport distribution systems are being discussed," he said.

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Last updated:Thu May 31 15:51:30 2007