18 January 2020

Russia, China close to natural gas supply deal, Reuters says

Russia is close to sealing a deal to sell natural gas to China, Reuters reported Wednesday, citing deputy prime minister Arkady Dvorkovich.

The deal involves construction of a pipeline to carry 38 billion cubic meters of gas a year, the report said. The only issue remaining is the price, Dvorkovich was quoted as saying.

Talks have lasted at least 10 years and Moscow hopes the agreement can be signed when President Vladimir Putin visits China next month.

Russian energy firm Gazprom said there has been progress in price negotiations and expects the contract to come into force by the end of 2014, according to the report.

Putin could use the long-sought agreement to show Western sanctions over Crimea cannot isolate his country, it said.

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