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,
It is planning to build a gas liquefaction plant in Vladivostok
on Russia's Pacific coast.
Dow Jones Newswires