Tuesday, September 28, 2010

Sino-Russian Resource Ties Deepen

Roubini Global Economics reports:

During the late September visit by Russian officials and Russian energy companies to China, the two countries hope to secure a long-delayed natural gas supply contract. Such an agreement has been stalled due to pricing issues, as well as the fact that China would like a dedicated pipeline rather than just part of Gazprom's grid. During the visit, Russian and Chinese officials will also inaugurate a China-Russia pipeline extension, which will deliver some of the 300,000 barrels of oil per day Russia has promised China.

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