Gazprom's gas price will be bound to Singapore oil products basket

Gazprom and CNPC negotiations about gas supplies to China has not entered the final stage as yet. Yesterday  the sides succeeded at the negotiations in Beijing only in binding of the contract to the oil products basket in Singapore instead of gas price in the USA, on which China insisted. However, in fact, the negotiations returned to the stage that had been achieved by the beginning of the year. The key point of the correlation between the prices of the oil basket and the contracted gas price has not been settled.