Hopes high for China-Russian gas deal
Source: Xinhua |
July 15, 2011, Friday
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A senior Chinese diplomat yesterday expressed his optimism that China and Russia will strike deals on natural gas cooperation ahead of the next prime ministers' regular meeting in autumn.
Assistant Foreign Minister Cheng Guoping said he was upbeat on the Sino-Russian energy cooperation, while replying to a question at a press briefing on the 10th anniversary of the signing of the China-Russia Treaty of Good-Neighborliness, Friendship and Cooperation.
As long as both sides can discuss on the principle of mutual benefit while meeting each other half way, and implement the consensus reached by the two countries, the deal on natural gas cooperation can be clinched ahead of Russian Prime Minister Vladimir Putin's visit to China, Cheng said in Beijing.
Putin is slated to visit China in the fourth quarter of this year.
In 2009, Russia inked a framework agreement with China on annually supplying at most 70 billion cubic meters of natural gas to China, but both sides have not reached an agreement on the price of the gas.
These projects on natural gas consist of "west line" and the "east line," both of which are 30-year deals.
As these are long-term and major projects, the companies of the two countries need more time to nail down every detail, including the gas pricing, Cheng said.
During Vice Premier Wang Qishan's visit to Russia in June, China and Russia inked a protocol to a gas cooperation memorandum of understanding. Cheng said the protocol outlined the consensus on the principle and pace of the negotiations on the "west line."
The companies will continue talks on the "west line" project, Cheng said, adding that he believes they can reach a final solution acceptable to both.
Premier Wen Jiabao met with Putin in November, during which he voiced the hope to deepen bilateral cooperation in gas and oil. Energy cooperation is a major part of Sino-Russian ties, Cheng said.
Assistant Foreign Minister Cheng Guoping said he was upbeat on the Sino-Russian energy cooperation, while replying to a question at a press briefing on the 10th anniversary of the signing of the China-Russia Treaty of Good-Neighborliness, Friendship and Cooperation.
As long as both sides can discuss on the principle of mutual benefit while meeting each other half way, and implement the consensus reached by the two countries, the deal on natural gas cooperation can be clinched ahead of Russian Prime Minister Vladimir Putin's visit to China, Cheng said in Beijing.
Putin is slated to visit China in the fourth quarter of this year.
In 2009, Russia inked a framework agreement with China on annually supplying at most 70 billion cubic meters of natural gas to China, but both sides have not reached an agreement on the price of the gas.
These projects on natural gas consist of "west line" and the "east line," both of which are 30-year deals.
As these are long-term and major projects, the companies of the two countries need more time to nail down every detail, including the gas pricing, Cheng said.
During Vice Premier Wang Qishan's visit to Russia in June, China and Russia inked a protocol to a gas cooperation memorandum of understanding. Cheng said the protocol outlined the consensus on the principle and pace of the negotiations on the "west line."
The companies will continue talks on the "west line" project, Cheng said, adding that he believes they can reach a final solution acceptable to both.
Premier Wen Jiabao met with Putin in November, during which he voiced the hope to deepen bilateral cooperation in gas and oil. Energy cooperation is a major part of Sino-Russian ties, Cheng said.
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