K een to boost gas deliveries to underpin China’s shift from coal to gas power generation, Presidents Xi Jinping of China and Vladimir Putin of Russia sealed the pipeline deal and related financing agreements in Beijing ahead of this week's Asia-Pacific...
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K een to boost gas deliveries to underpin China’s shift from coal to gas power generation, Presidents Xi Jinping of China and Vladimir Putin of Russia sealed the pipeline deal and related financing agreements in Beijing ahead of this week's Asia-Pacific Economic Cooperation summit. "Together we have carefully taken care of the tree of Russian-Chinese relations. Now fall has set in, it's harvest time," Xi commented. The latest deal will greatly expand Russia's gas export markets, turning away from its traditional European customers at a time when its economy is hit by sanctions imposed by Washington and Brussels. Works to build the China- Russia East Route natural gas pipeline started in the eastern Siberia city of Yakutsk in September. The Russian part of the joint venture pipeline, dubbed "Power of Siberia", will be built by Gazprom with a total investment of $55 billion. For China, developing a western pipeline route for Russian gas imports comes on top of the $400 billion deal struc
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