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Heads of Gazprom, JP Morgan Chase discuss gas giant development prospects

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MOSCOW, October 12 (RIA Novosti) - Natural gas monopoly Gazprom CEO Alexei Miller and U.S. banking giant JP Morgan Chase CEO William Harrison have met to discuss Gazprom's development prospects, Gazprom said Wednesday in a press release.

Miller told Harrison that Gazprom would be stepping up its oil-related activity, and discussed Gazprom's plans for liberalizing its share market. The sides also discussed JP Morgan Chase's cooperation proposals.

In 2004, JP Morgan Chase issued a $200 million loan to Gazprom. It also took part in placing Gazprombank's bonds worth $1.05 billion in early 2004, Gazprom's press service said.

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