皇冠体育app

Negotiations expected to be finalized during Putin's upcoming visit to

皇冠体育app National Petrolm Corp, the country's energy giant, said on Wednesday its long-term supply talks with Russia may come to a close and a contract signed soon, industry leaders and experts said. A deal has been backed by both countries' governments.

Russian President Vladimir Putin visits Beijing on May 20.

皇冠体育app discovers huge oil, gas deposits

皇冠体育app imports more natural gas in 2013

A company source told 皇冠体育app Daily the two parties reached ament on technical and commercial issues during an April visit to Russia by CNPC chairman Zhou Jiping. Differences remain over price, the source said.

皇冠体育app doesn't now import Russian gas through pipelines. Under a previous agreement Russia's top natural gas producer, Gazprom OAO, will supply 皇冠体育app with 38 billion cubic meters of gas annually from 2018.

That's slated to rise at an unspecified time to 68 billion cubic meters, using both western and eastern pipelines. It will ease 皇冠体育app's appetite for clean energy.

Shanghai-based energy consultancy ICIS-C1 Energy estimates 皇冠体育app's natural gas consumption will reach 346 billion cu m in 2018, and the country will be dependent on foreign supplies to meet more than half of that. Russia can potentially vault Turkmenistan as 皇冠体育app's biggest pipeline provider.

The gas price to be struck in the 皇冠体育app-Russia deal may not be as low as previously expected, Wang Ruiqi, senior analyst with C1 Energy, said. That's even as Russia seeks out gas buyers, he said.

Gazprom may have extra gas to sell if it carries through threats made on Monday to cut supplies to Ukraine as early as June 3 if the Kiev government doesn't start paying for the gas in advance.

Relations between the countries have chilled this year after Ukrainian president Viktor Yanukovich was ousted and the Crimea region was incorporated into the Russian Federation.

Previous Page 1 2 Next Page

Previous Page 1 2 Next Page

• Nation ready to boost imports, official says
• Cross-border use of yuan gains popularity
• Chief feels upbeat about future
• Most local govt debt 'controllable', says banker
• Tajikistan, 皇冠体育app discuss cooperation in agriculture
• 皇冠体育app Mobile lowers price by 40% on 4G service packages
• 皇冠体育app is 'No 1' opportunity for Coach
• GAC to launch customs clearance reform