Gazprom has accomplished all pre-project work for gas supplying to China

Gazprom has accomplished all pre-project work for gas supplying to China, the Deputy Chairman of the Board of Gazprom, A. Medvedev says. Gazprom as a market company invests into production and transporting only after its gas has been contracted and sold. Speaking about China, the price is not coordinated as yet, but all pre-project work is done. As soon as the contract is signed and 4 years pass, gas will be delivered. That's true for China, and for the new project for gas transporting via North Korea to South Korea, and for construction of new gas liquefying capacities at Sakhalin and nearby Vladivostok. Contracted gas gives the seller an opportunity to attract financing, as Gazprom executes most of international projects in cooperation with foreign partners.
Translated by Nadezhda Poltoratskaya
Source: http://www.oilcapital.ru/export/129642.html