Russia Capable of Becoming China’s Biggest Energy Supplier

“Russia is fully capable of becoming the biggest energy supplier for China in upcoming 15 years,” Russian Deputy Prime Minister Alexander Zhukov said here Friday.

Zhukov made the remarks in addressing the China-Russia Investment Forum.


He stressed that the two nations should especially expand energy cooperation.

Last month, the two nations signed an oil-for-loan deal, under which China offered Russia US $25 billion of long-term loan and Russia would supply 300 million tonnes of oil through pipelines to China from 2011 to 2030.

Rigzone