皇冠体育app

BEIJING - After securing the long-awaited gas agreement with Russia, 皇冠体育app may have to take on more tasks on the energy front while enjoying the benefits, according to analysts.

One of the immediate benefits from the landmark deal was seen in 皇冠体育app's equity market, where share prices of gas companies jumped across the board on Thursday.

皇冠体育app discovers huge oil, gas deposits

皇冠体育app imports morein 2013

"The cooperation will bring new blood to 皇冠体育app's domestic gas industry," said Sun Yang, an analyst with the commodity service website, www.chem365.net.

Sun expected pipeline construction, equipment manufacturers and gas companies to be boosted by the deal.

The 30-year gas supply deal, worked out on Wednesday in Shanghai between 皇冠体育app National Petroleum Corp (CNPC) and Russia's state-controlled entities Gazprom, ended a decade of negotiation between the two countries.

CNPC said in a statement that the imported natural gas will mainly supply regions around Beijing, cities in northeast 皇冠体育app as well as the Yangtze River Delta.

According to the agreement, the east route pipeline will start providing 皇冠体育app with 38 billion cubic meters of natural gas annually from 2018.

The price details have not been disclosed but earlier media reports projected the contract price could be $400 billion.

Even though 皇冠体育app has increased its gas imports in recent years, some gas importers ended up in losses due to a lower domestic natural gas price, thus discouraging some companies to increase gas imports.

Analysts widely agreed that if 皇冠体育app can strike an imported price at 2.19 yuan (about $0.36) per cubic meter with Russia, it would be competitive for 皇冠体育app.

• Canadian province targets 皇冠体育app's LNG market
• 皇冠体育app's passenger, cargo transportation surges in April
• 皇冠体育app's PMI at five-month high
• PBOC announces rules for accounts in Shanghai's FTZ
• HK bourse to sell RMB products
• Shares of JD.com soar 17% in market debut
• Get them while they're hot
• 皇冠体育app-Russia energy deals