28 October 2010
Gazprom's slow boat to China as gas-supply agreement moves forward
A gas-supply agreement between Russia and China is advancing. But Gazprom may already have missed its chance to meet soaring Chinese gas demand
Russia has stepped up efforts to seal a gas-export agreement with China as it tilts its energy trade towards fast-growing markets in the east. But China will drive a hard bargain over pricing for supplies. Russia's President Dmitry Medvedev paid a three day visit to China in September for talks aimed at boosting co-operation between the two countries in oil, gas, coal and nuclear power. Following talks with Jiang Jiemin, president of China National Petroleum Corporation (CNPC), Alexei Miller, Gazprom's president, said Russia and China would draft a "road map" on gas supplies no later than July 2011. "We are in talks. The talks will continue. We are now agreeing separate parameters," said Igo
Also in this section
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
