How China and Russia Came Together on Natural Gas Deal
(Beijing) – President Xi Jinping's state visit to Russia in late March brought advances that could end nine years of tough talks between China and its northern neighbor over natural gas transmission.
China National Petroleum Corp. (CNPC), the country's largest producer of gas, signed a memorandum of understanding with Russian energy giant Gazprom in late March. The two agreed that from 2018 to 2048 Gazprom would send 38 billion cubic meters of natural gas annually through a pipeline into China.
- Sign up to receive our free daily newsletter
- How the Hammer Falls as China Nails Corruption
- CNPC Continues to Be Hit by Scandal as Two More Executives Fall
- Market Reforms, Fight against Corruption Go Hand in Hand, Expert Says
- What Li Keqiang Asks in Meetings with Economists
- Why Do Foreign Brands 'Break Bad' in China?
- Alibaba Said to Delay New York Listing until after Labor Day
- Sheila Patel: Investors Should Be 'Positive' about China Stocks
- Graft Fight Will Take Years, U.S. Expert Says, but China Is Heading in Right Direction
- CDB Said to Get 1 Tln Yuan to Back Shantytown Renovation
- CBRC Approves Three Private Banks as Part of Pilot