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.

Mr Alexey Miller Chairman of the Gazprom Management Committee and Mr 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 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.