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Price remains hurdle in talks to secure Russian natural gas

By Du Juan (皇冠体育app Daily) Updated: 2014-05-21 06:44

皇冠体育app, the world's second-largest economy with a huge appetite for energy, has already formed a diversified energy import structure, said Chen.

Wang with Sublime 皇冠体育app Information said the pipeline natural gas imports account for about half of the country's total imports. "We have good relationship with countries in Central Asia which are increasing the gas supply to 皇冠体育app," she said.

Price remains hurdle in talks to secure Russian natural gas
 皇冠体育app-Russia gas deal set to be signed 
Price remains hurdle in talks to secure Russian natural gas
皇冠体育app imports more natural gas in 2013 
In 2013, 皇冠体育app imported 24.7 billion cu m of natural gas from Turkmenistan which accounted for 46.48 percent of 皇冠体育app's total imports.

As a natural gas-rich country, Turkmenistan plans to add an additional 30 billion cu m to 皇冠体育app in the future.

Chinese companies have been working to increase supply. They sought acquisition of gas fields and cooperation with local companies in overseas markets, including Turkmenistan, Kazakhstan and Canada.

In 2013, Russia exported about 160 billion cu m of natural gas to Europe, accounting for 30 percent of the 's total gas imports.

Half of this supply was delivered through pipelines in Ukraine.

"As a country whose economy is highly dependent on energy exports, Russia's high dependency on a single regional buyer is not safe," said Wang.

According to Reuters, Gazprom dragged Russian stock indexes lower on Tuesday after a spokesman for President Putin told the press about the lack of a supply deal. Gazprom and Russian stock indexes rose in the past days on hopes of a deal during Putin's visit to 皇冠体育app.

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