China’s CNPC finalises gas deal during Russian President Putin’s state visit
Published by Sara Simper,
Editorial Assistant
World Pipelines,
In China, China National Petroleum Corporation (CNPC) and Gazprom signed a 30 year deal during which Gazprom will supply China with 10 billion m3 of gas annually.
The deal would make Moscow the country’s largest gas supplier amid Beijing’s trade frictions with Australia and as Qatar, a major Chinese supplier becomes a non-NATO ally. The new gas deal, which would be settled in Euro as both countries diversify from the US dollar, came as Russian President Vladmir Putin met his counterpart Xi Jinping in Beijing where the two leaders reaffirmed their strongest ties in decades. Both leaders also condemned NATO expansion and the West’s ‘Cold War mentality’, a main reason behind mounting tensions with the West from Moscow’s and Beijing’s perspective. The bilateral relations are expected to continue to deepen although mutual suspicion and mistrust run deep in both Moscow and Beijing.
Read the article online at: https://www.worldpipelines.com/contracts-and-tenders/08022022/chinas-cnpc-finalises-gas-deal-during-russian-president-putins-state-visit/
You might also like
Pakistan and Turkmenistan agree to fast-track gas pipeline project involving Afghanistan and India
Pakistan and Turkmenistan has agreed to fast-track a major pipeline project that will allow the Central Asian state to supply natural gas to Pakistan and India via Afghanistan.