ASTANA - Gazprom has proposed swapping production assets with China under a long-term deal to ship Russian gas to the world's fastest-growing energy consumer, which has been stalled over disagreements on price, Russia's energy minister said on Thursday.
Russia has for years been engaged in painstaking talks with energy-hungry China over gas supplies, as Moscow tries to diversify its markets away from Europe, where it covers around a quarter of gas needs.
"Gazprom offered to let the Chinese participate in the development of fields on Russian territory on the condition that Gazprom could participate in the development of fields on Chinese territory," Energy Minister Alexander Novak told Reuters on Thursday, in his first remarks to international media after his appointment to the government last month.
Mr Novak said asset swaps should be considered in the price of Russian gas shipments to China. He was part of a delegation to China headed by Russian President Vladimir Putin.
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