Stig Östlund

onsdag, juni 22, 2011

China-Russia Talks Stall Over Gazprom Deal

Negotiations between Russia and China over one of the largest prospective energy deals in history have stalled after China balked at the price demanded by Russia for supplying natural gas through state-owned Gazprom. The deal would guarantee 68 billion cubic meters (bcm) of gas a year to China for 30 years beginning in 2015, and has been in the works since 2006 when an initial agreement was signed between Beijing and Moscow over the construction of the Atlai pipeline system – two lines running along an Eastern and Western route into China. China’s consumption of gas was 107 bcm meters in 2010, but this is expected to expand to nearly 400 bcm by 2020./Gas Investing News

Enormt

Bloggarkiv