27 Sep 2011 10:28

Russia, China agree price formula for gas supplies

YUZHNO-SAKHALINSK. Sept 27 (Interfax) - Gazprom and its Chinese partners have agreed on a price formula for Russian gas supplies to China.

"A formula has already been agreed on, but a question mark remains over the benchmark for the formula," Alexander Medvedev, the Russian gas giant's deputy CEO, told reporters.