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Gazprom can easily raise money from market against long-term contract with China - Putin

June 06, 2014, 21:45 UTC+3 DEAUVILLE
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DEAUVILLE, June 06 /ITAR-TASS/. Russian President Vladimir Putin said on Friday he was sure that Russia’s gas giant Gazprom will easily raise money on the market against the long-term contract with China.

One of the options, according to Putin, is to increase Gazprom’s capital. “It is one of the possible options of using the gold and currency reserves,” he told journalists. “There are other options against such a long-term, 30-year, contract. Gazprom will easily raise money from the market.

Apart from that, Putin noted, there was an agreement with the Chinese partners about advance payments that would considerably reduce the cost of the project. “Various options are possible, such as an increase of the company’s authorized capital,” he added.

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