Gazprom said it was delaying indefinitely plans to build a gas pipeline to China because of disagreement over price.
Alexander Ananenkov, the Russian group's deputy chief executive, said yesterday “no one is talking about gas supplies to China in 2011 any more” because the two sides had failed to agree on price.
Gazprom has been locked in talks with Beijing since Vladimir Putin, then Russian president, signed off in 2006 with much political fanfare on a pipeline deal to send up to 80bn cubic metres of Siberian gas annually to China.
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