By JAMES MARSON
MOSCOW -- OAO Gazprom and Petrovietnam are considering
signing a contract for the supply and purchase of liquefied
natural gas, Gazprom said in a statement Wednesday, as the
Russian state-controlled company continues its efforts to
increase sales to Asia.
"The possibility of concluding a long-term LNG
sale-and-purchase agreement is being considered," Gazprom said
in a statement, after a meeting between its CEO, Alexei Miller,
and the chairman of Petrovietnam's board, Phung Dinh Thuc.
Gazprom, the world's largest extractor of natural gas, plans
to lift sales to Asia to help offset a drop in demand and
regulatory troubles in its most lucrative market, Europe.
It is planning to build a gas liquefaction plant in Vladivostok
on Russia's Pacific coast.
Dow Jones Newswires