EconoMonitor : EconoMonitor » Russia’s Weakened Hand Could Pay Off for Beijing in Major Gas Deal:
"A major gas deal between Russia and China could finally be sealed this week when Russian President Vladimir Putin visits China on May 20-21 and meets with President Xi Jinping. In the lead up to Putin’s arrival, the two sides have been working on putting the finishing touches on a 30-year contract for a gas deal a decade in the making, and Russian officials have suggested that the deal will be completed by Putin’s arrival.
Gazprom’s CEO Alexei Miller announced on a Russian news show last weekend that Russia and China were “one digit” away from finalizing the agreement. “There is just one question – it’s … a starting, base price in the price formula which, it’s remarkable, has already been fully agreed upon with our Chinese partners,” he said on May 17. “It’s a very little more – to put in only one digit, and a 30-year contract to supply 38 bcm of gas from East Siberia to China will be signed,” said Miller."
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