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  • bluecheese4u bluecheese4u Mar 20, 2013 10:11 AM Flag

    China Expects Energy Talks Breakthrough in Xi’s Visit to Russia

    China Expects Energy Talks Breakthrough in Xi’s Visit to Russia

    By Bloomberg News - Mar 19, 2013 9:38 PM MT


    China expects a breakthrough in energy talks during President Xi Jinping’s visit to Moscow this week, the Foreign Ministry said today, after OAO Gazprom said negotiations on supplying natural gas remain “difficult.”
    Xi and Russian President Vladimir Putin will sign cooperation agreements during the March 22-24 trip, Vice Foreign Minister Cheng Guoping told a briefing. He said China hopes to sign a deal on building a natural-gas pipeline during the visit, Xi’s first trip abroad since he was named Communist Party general secretary in November and president last week.
    “We will have some outcomes related to energy, investment and major projects of strategic importance,” Cheng said. “We expect some breakthrough on these pragmatic cooperation fields.”
    Cheng struck a different tone than Gazprom Chairman Viktor Zubov, who said yesterday that talks with China are difficult because of disagreements over price for natural gas China wants to buy. A pipeline deal would help supply the world’s second- biggest economy as demand in Europe weakens.
    Gazprom, the world’s biggest natural-gas producer, said last month it plans to sign a contract with China National Petroleum Corp. after almost a decade of talks to supply as much as 68 billion cubic meters of gas a year.
    Cheng said companies and working groups from the two sides are having “intensive discussions” in Moscow on transporting natural gas and constructing a pipeline.


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