Arab Today, arab today putinrussia china closer to gas deal
Last Updated : GMT 13:34:22
Arab Today, arab today
Arab Today, arab today

Putin : Russia, China closer to gas deal

Arab Today, arab today

Arab Today, arab today Putin : Russia, China closer to gas deal

Belijing - Ria Novosti

Moscow and Beijing are close to signing a long-awaited 30-year gas deal, Prime Minister Vladimir Putin claimed on Tuesday during his visit to China where energy talks topped the agenda. \"We are nearing the final stage of work on gas supplies to the Chinese market,\" Putin said. The two sides also resolved a long-running disagreement over oil deliveries via the East Siberia-Pacific Ocean pipeline. Russia expected to sign an agreement between the world\'s largest gas producer and the world\'s fastest growing energy market this summer, after years of negotiations, but the two sides failed to agree again on prices. China, which intends to buy up to 68 billion cubic meters of gas per year, wants to pay $250 per thousand cubic meters, while Moscow wants to sell its gas at prices no lower than it sells to Europe. Russian Deputy Prime Minister Igor Sechin said the parties agreed that Russia would supply no less that 30 bcm through the $14 billion Altai pipeline, the so-called western corridor, and would specify details on the gas road map in the next 15 days. \"Today we have agreed that the western corridor envisages supplies of no less than 30 bcm of gas,\" said Sechin, who is in charge of energy issues in the Russian government, adding talks on the price formula had progressed considerably. In 2010, Moscow and Beijing signed a binding agreement stipulating construction of two corridors to supply Russian gas to China. In the first, Russia would develop West Siberian fields, while the second one envisaged developing the gas deposits of East Siberia, the country\'s Far East and the shelf of the Sakhalin island. Head of Russia\'s gas export monopoly Alexei Miller has said gas supplies to China through the western corridor was a priority while the eastern corridor was not discussed. Imports of Russian gas will provide China vital supplies for its rapidly growing gas market, which is already attracting increasing volumes of liquefied natural gas by ship and receiving gas from Turkmenistan via a pipeline. Sechin also said that Russia and China had settled an on-going dispute over oil supplies, with an agreement on accumulated debt and a price formula. \"We have reached an agreement in principle, which will be fixed at corporate level,\" Sechin told journalists. \"The issue is off the agenda.\" In January, Russia\'s Transneft oil pipeline monopoly and Rosneft oil giant started crude supplies to China via the East Siberia-Pacific Ocean pipeline under a $22 billion deal, but later said that China National Petroleum Corporation had underpaid for the crude supplies and unilaterally cut payments by 7 percent. The Chinese repaid some of the debt in June, but later cut payments again. The Russian companies have threatened to take the matter to court. Putin said Russia and China have reached an unprecedentedly high level of political and humanitarian cooperation. \"In the political and humanitarian field we do not have problems at all. We have really reached a very high, unprecedentedly high level of cooperation,\" Putin said, admitting that in the economic field the parties often faced disagreements. \"The seller wants to sell at a higher price, while the buyer wants to buy at a lower price. We have always managed to reach a compromise which would satisfy both parties.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today putinrussia china closer to gas deal Arab Today, arab today putinrussia china closer to gas deal

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday