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Russia, China Close In On Multi-Billion Dollar Gas Deal
economywatch.com Russian energy giant Gazprom and state-owned China National Petroleum Corporation (CNPC) have signed an agreement towards a potentially multi-billion dollar gas supply deal to China, reported Reuters, though both sides are yet to reach a final accord on price. The terms were signed on Thursday by the heads of both companies in the presence of Presidents Vladimir Putin and Xi Jinping ahead of the G-20 meeting in St. Petersburg; defining “the volumes, start of deliveries, payments, 'take-or-pay' amendment" and other issues for the deal, but giving no further details on the actual price. to read more click here:economywatch.com
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