July 7, 2008

Medvedev, Merkel Discussing Energy Market

TOYAKO, Japan. July 7 (Interfax) - German Federal Chancellor Angela Merkel offered to discuss Russian energy supplies with Russian President Dmitry Medvedev at the Monday meeting on the sidelines of the G-8 Hokkaido Toyako summit.

"There is a difference between Russia, which has oil and gas, and Germany, which has to buy [hydrocarbons]. I suggest that we should discuss the demand and the production [of hydrocarbons]," she told Medvedev at the beginning of the meeting.

The relationship between suppliers and buyers "is increasingly important," Merkel said.

"We should discuss market prospects," she said.

"Let's do it," Medvedev replied.

Merkel said that the issue exceeded the limits of the bilateral relations and was on the G-8 summit agenda.

(c) 2008 Daily News Bulletin; Moscow - English. Provided by ProQuest Information and Learning. All rights Reserved.