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Gazprom close to agreeing deal on supplying gas to China

Investors in Gazprom seemed unconcerned with it missing another deadline to sign a massive deal for gas supplies to China by the end of 2013.

In fact, Russia’s state gas company has been discussing the planned deal with China’s CNPC for so many years that many started doubting it would ever happen.

But now an agreement is within reach. Negotiations have picked up steam in recent months, paving the way to a deal which could not only help satisfy China’s energy demand for many years to come but also transform Gazprom.

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