China, Russia said to be close to natural gas deal
China and Russia are expected to reach agreements on natural gas during Russian President Vladimir Putin’s upcoming state visit to China.
Putin will be in China from May 20 to 21 at the invitation of Chinese President Xi Jinping.
A source with China National Petroleum Corp, the country’s energy giant, told China Daily that the two parties have reached agreement on technical and commercial issues with differences remaining over price, the source said.
China doesn’t now import Russian gas through pipelines. Under a previous agreement Russia’s top natural gas producer, Gazprom OAO, will supply China with 38 billion cubic meters of gas annually until 2018.