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Page added on October 12, 2014
Russia hopeful for government agreement on gas with China
* Chinese Premier Li Keqiang to visit Moscow
* Deputy minister says several deals to be signed
* Analysts doubt Russia and China can finalise gas deal soon
* Deputy minister says several deals to be signed
Russia has prepared intergovernmental agreements to sign during Chinese Premier Li Keqiang’s visit to Moscow next week including one on a $400 billion natural gas deal agreed in May, Russia’s deputy foreign minister said.
Russian gas exporter Gazprom and China National Petroleum Corp (CNPC) have agreed that Russia will supply China with 38 billion cubic metres of gas starting from 2019.
Yet on Friday Gazprom said an intergovernmental agreement between Russia and China required for the plan to come into force had not yet been signed.
Russian Deputy Foreign Minister Igor Morgulov told Chinese state news agency Xinhua that governmental agreements including one on gas were ready for signing during Li’s coming visit.
“They include an intergovernmental agreement on natural gas supplies via an “‘eastern’ route,” he said.
They also include agreements in nuclear energy, financing, communications and tourism he said in the interview, which was published on the Russian Foreign Ministry website on Sunday.
The banks of the two countries also hope to sign deals on using the yuan and rouble currencies in trade settlements.
Russia is looking to bolster natural gas sales to Asia as differences between Moscow and the European Union sparked by the Ukraine crisis threaten to erode its traditional core export market, Europe.
Analysts and insiders have expressed doubt over whether Russia and China can reach a final gas deal soon, however, given prolonged differences over price.
5 Comments on "Russia hopeful for government agreement on gas with China"
MSN Fanboy on Sun, 12th Oct 2014 11:53 am
dont worry guys, ebola shall kill us all before this can be finalised ROLF
ive been on this site awhile now, and thought i understood you chaps.
Then you start talking of how ebola shall finish us.
I clearly see your fishing for an excuse to collapse.
Rivaz Ahmed on Sun, 12th Oct 2014 1:34 pm
They will sign it at any cost since China needs cleaner gas to improve their environment and health while Russia needs cash to improve their economy.
J-Gav on Sun, 12th Oct 2014 3:36 pm
Well what the fuck else should anybody have expected?
Makati1 on Sun, 12th Oct 2014 7:03 pm
This is OLD news! Many other sources say the $400 deal is already signed and underway. There is a new western pipeline gas deal in the works and will be signed at the meeting, if it has not already been accomplished. As for the ruble/yuan trade, that too is a done deal. Reuters is a mouthpiece of the Ministry of Propaganda. Not to be trusted.
http://thebricspost.com/china-russia-finalise-plans-for-gas-pipeline/#.VDsVfxYwDz0
http://thebricspost.com/li-reaches-moscow-eyeing-over-50-agreements/#.VDsWGxYwDz0
http://journal-neo.org/2014/10/10/russia-in-negotiation-with-china-for-alternative-swift-bank-system/
http://journal-neo.org/2014/09/28/china-and-russia-in-new-strategic-energy-deals/
And on and on….
Makati1 on Sun, 12th Oct 2014 9:24 pm
In the same vein:
“The Russian newspaper Kommersant reported yesterday that the Agricultural Bank of China is starting operations in Russia.
This is a big deal, because this bank is huge, the eighth largest in the world.
It’s a sign of how quickly China will be able to fill the financing vacuum left by sanction, and an example of European companies losing markets to Chinese competitors.
It is also a sign that China is seriously interested in investing in Russia’s enormous unrealized agriculture potential. China, a net food importer, has been scooping up agricultural deals around the world, competing for scarce crop lands.
Expect to see increased Chinese investment in Russian agriculture.”
http://www.globalresearch.ca/8th-largest-bank-in-world-opening-operations-in-russia-its-chinese/5407592