▲ Up
 
14:34 04-03-2015
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Russia-China gas deal preparations in final phase, says Putin

Bishkek (AKIpress) - putin Preparations for an agreement in Russian natural gas exports to China have entered the final phase, Xinhua news agency reported Monday citing Russia's President Vladimir Putin as saying ahead of a two-day visit to Shanghai.

"For Russia, implementing these agreements means diversifying gas supply destinations, while for our Chinese partners ... it could be a remedy for energy shortages and helps ecological security," Putin said in an interview with Chinese media.

A deal after nearly two decades of talks would secure the world's top energy user a key chunk of supply as demand for the cleaner burning fuel is set to surge.

For Russia, the deal to supply China with 38 billion cubic meters of gas a year would help cut its dependence on Europe as the major market for its gas and create a strategic shift to Asia, as political pressure piles up over Ukraine.

Russian state-run Gazprom said at the weekend it was still "one digit" away from finalizing a 30-year gas supply deal with Beijing which is expected to crown Putin's visit to China next week.

Earlier this month, state China National Petroleum Corp said that it and Gazprom had reached an agreement to sign a contract during Putin's visit but that the two sides had yet to iron out price differences.

At 38 bcm per year, Russian supplies would be equal to nearly a quarter of current consumption and make up nearly a tenth of China's estimated total gas demand by 2020.

China is fast-tracking gas use, which is set to grow about 2.5 fold between 2014 and 2020, to curb use of the dominant but dirtier coal.

The country's state planning agency forecast last month that China would raise its total natural gas supply capacity to 400 billion cubic meters per year by 2020.


Twitterfacebookprint
16:33 19.05.2014
LATEST NEWS
14:20 Delhi police block gang rapist film14:07 Tajikistan, UNDP sign new projects13:53 Issues of security in Central Asia and Afghanistan discussed in Ashgabat13:44 Results of parliamentary elections in Tajikistan12:46 Five schools of Kadamjai district to install new equipment for Japanese grant funds12:36 Finance Ministry sends 9 materials to Prosecutor’s General office for violations of law on public procurement12:24 Bishkek hosts rally against child abuse12:23 Kazakh parliament ratifies Agreement on Double Taxation Avoidance between Vietnam and Kazakhstan11:57 Talas district to spend funds allocated by Japanese fund for purchase of equipment for kindergartens11:55 Kazakh MPs ratify agreement between Kazakhstan and Hungary on extradition of sentenced persons11:47 Government plans to import electricity from Tajikistan not cheaper than for 2 cents per kWh11:38 Australian drug gang moved to execution site in Indonesia11:27 Kyrgyzstani Magomed Musayev occupies 8th place in world strongest wrestlers ranking11:17 Issyk-Kul region to mark 5th anniversary of April revolution11:07 Talas residents oppose development of Jerui gold mining10:57 Kyrgyzstan joins Nagoya Protocol on Access to Genetic Resources10:45 Vodokanal enterprise affiliates of Cholpon-Ata and Balykchi fined for environmental pollution10:40 Kazakh legislators ratify agreement with Belarus on readmission of persons10:35 Japan provides grant for development of preschool education in Kyrgyzstan10:28 Kyrgyzstan to mark International School Meals Day tomorrow
Astana
-1° C
Ashgabat
+13° C
Bishkek
+9° C
Dushanbe
+12° C
Tashkent
+14° C
exchange rates
 
68.61
61.33
9.78
0.98
206.98
185.05
29.50
2.97
6.11
5.45
0.87
0.09
2774.81
2448.16
391.76
37.07
3.91
3.50
0.56
0.06

© AKIpress News Agency - 2001-2015. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to www.akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75