09:37 01-08-2014
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
09:34 Elections of Senators of Kazakhstan set for October 109:34 Transport Minister briefs Jumgal villagers about construction of North-South alternative road09:17 Foreign Ministers of Kyrgyzstan, China discuss implementation of previously reached agreements09:01 President of Tajikistan, Foreign Minister of Kyrgyzstan discuss border issues in Dushanbe17:33 Kyrgyzstan has issued postage stamp dedicated to Dooronbek Sadyrbayev17:14 Bishkek City Council denies reports on consideration of raising public transport costs17:13 Sierra Leone declares emergency to combat ebola17:06 Government of Uzbekistan approves program of modernization of heat supply companies16:39 Fighters of Kyrgyzstan win 3 medals at World Kung Fu Championship in China16:28 Kyrgyzstan’s President, Finance Minister discuss implementation of national budget16:23 Netanyahu: Israel will destroy Hamas tunnels no matter what16:15 Kazakhstan to export 9,000 tons of meat to Russia in 2014: KazAgro16:14 Rahmon meets with Commander of US Central Command16:10 Bishkek’s police detain instigators provoking mini-bus drivers to strike16:01 Results of session of SCO Foreign Ministers Council in Dushanbe July 30-3115:57 Government forms interdepartmental group for cooperation with Russia on oil products deliveries15:47 Youth football team of Kyrgyzstan to hold two friendly matches against Kazakhstan15:36 KazMunayGas's S&P rating unaffected by potential full acquisition of KMG EP15:36 International festival dedicated to life of Kyrgyz villages takes place at Issyk-Kul15:21 Gaza: deadly shelling of another UN school draws condemnation, calls for ceasefire
Astana
+23° C
Ashgabat
+33° C
Bishkek
+28° C
Dushanbe
+31° C
Tashkent
+33° C
exchange rates
 
69.35
51.75
8.37
1.45
245.93
183.53
29.74
5.14
6.61
4.96
0.80
0.14
3161.09
2332.24
377.32
65.98
3.83
2.85
0.46
0.08

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials 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