Reuters: Gazprom seeks HK listing, may use yuan in China gas deal

Russia's Gazprom has held talks about a Hong Kong listing and may use the yuan currency in a recently agreed gas deal with China as it looks to strengthen its foothold in energy-hungry Asia.

Moscow has looked east for new business and energy deals as relations with the West deteriorate. China and Russia signed a $400 billion gas supply deal in May, linking Russia's huge gas fields to Asia's booming market for the first time.

Gazprom listed its American Depositary Receipts (ADRs) on the Singapore stock exchange last week, giving it greater access to Asian investors. Its American Depositary Receipts (ADRs) are already listed in London.

"We are in talks to add a listing on the Hong Kong stock exchange. The next step is upgrading the level of our listing in Singapore," Gazprom Chief Financial Officer Andrei Kruglov said at a briefing for reporters on Thursday. MORE