Russia and China mount second gas deal

Russia and China mount second gas deal

by Big Mac

Russia and China signed a deal for a second gas pipeline linking the two nations earlier this week.
Russian President Vladimir Putin met with Chinese President Xi Jinping as part of the APEC Summit in China.
They penned a Memorandum to send 38 billion cubic meters of gas from Russia to China for 30 years along the Western Route, reported Chinese news agency Xinhua.
This would see Gazprom and the China National Petroleum Corporation (CNPC) work together on gas supplies along the route.
At the signing, Xi Jinping shared his hope the nations “take good care of the evergreen tree of Chinese-Russian friendship”.
Speaking at the APEC Summit, Vladimir Putin touched on Asia-Pacific investment in Russian economy doubling to $10 billion since 2009, versus $1 billion in the other direction in 2013.
The Russian leader said he wants to “actively correct this imbalance”.