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Gazprom to supply gas directly to France · 2006-12-19 18:24
Gazprom is to supply gas directly to France for the first time through a deal with Gaz de France. The Russian firm will start supplying French customers in July, providing 1.5 billion cubic metres a year to them, BBC informs.
Gazprom and Gaz de France have been doing business with each other since 1975 but their partnership was expanded in 2003 to include co-operation in areas such as storage, transmission, training and the sale of liquefied natural gas. They also have extended existing supply contracts to 2030.
The French firm said the deal cemented its relationship with Gazprom and ensured the diversity of its gas supplies. Gazprom is looking to foreign markets for future growth.
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