After a series of constructive meetings during the past few weeks, RWE and Gazprom have agreed to continue their talks on a possible joint venture.

Alexey Miller, Chairman of the Gazprom Management Committee and Jurgen Grossmann, Chief Executive Officer of RWE AG agreed on this at a working meeting held at the beginning of this week in The Hague (the Netherlands).

The exclusive talks on setting up the joint venture to be comprised of existing and/or new-build gas- and coal-fired power plants in Germany, the United Kingdom and the Benelux countries will be carried on until the end of 2011.

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