French utility GDF Suez SA (GSZ.FR) is considering developing power projects in Russia as it strengthens ties with OAO Gazprom (GAZP.RS), a company spokesman said Tuesday.
GDF Suez Chief Executive Gerard Mestrallet conducted talks with Russian Prime Minister Vladimir Putin Tuesday with a view to strengthening cooperation with Gazprom, the spokesman said.
The spokesman also said GDF Suez hasn't yet signed a deal to take a stake in the Gazprom-led Nord Stream gas pipeline. The French company has said it is interested in taking a stake in the planned pipeline.