Gazprom will not cut gas price for China, despite Turkmen plans

Russia's gas giant Gazprom will not cut its prices for energy-hungry China over Turkmenistan's plans to supply more gas to Beijing, Gazprom's head Alexei Miller said on Thursday. "Our partners know our proposals," Miller said. He also added that Turkmenistan's intentions "will not affect our plans." China and Turkmenistan signed on Wednesday an agreement to boost Turkmen gas supplies to China by 25 billion cubic metres following Turkmen President Gurbanguly Berdymukhamedov’s visit to Beijing. New supplies will bring Turkmen deliveries to a total of 65 billion cubic meters annually, the equivalent of more than half of China's entire natural gas consumption last year.