Russia and China will open a new gas corridor – Russian Newspaper

Vladimir Putin traveled to Beijing for the APEC summit. Economies Leaders Meeting held today, but the Russian president flew to China in advance, and all Sunday evening spent in negotiations.

The most fruitful and long had a meeting with President Xi Jinping, who accepted a guest at his residence very welcome. In the presence of the leaders of important agreements were signed by the western route for gas supplies to China in the future, Russia will deliver to China more fuel than in the EU.

“did a lot for the development of Sino-Russian strategic relations,” – praised the Russian president. High interaction – at the political level, in the military-technical sphere and the economy. In 2013, the trade volume increased by 1.3 percent in the first nine months of this year – 7 percent.

In the energy pricing policy can prevail, says Vladimir Putin

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Earlier, in an interview with Chinese media, Putin called to strengthen ties with the PRC foreign policy priority, and on best of all time. This year there is a breakthrough – signed a massive gas deal, the largest long-term deal in the history of world trade. Speech on gas supplies to China via the eastern route. “We have a fundamental understanding on the issue of opening the western corridor of supply. Many commercial and technical parameters of the project have already been agreed,” – announced the president.

yesterday signed 17 documents, half of them for energy, the rest of the banking sphere. In the field of gas supply via the western route were signed memorandum and a framework agreement. “The western route is becoming a priority project of our gas cooperation,” – commented on the head of “Gazprom” Alexey Miller. The basic conditions for the supply of gas through it in China for 30 years, 30 billion cubic meters. Timing of the project are the same as that of the eastern route. Deliveries will come from fields in Western Siberia – Miller said, “it’s the same resource base, which is used for deliveries to Europe”.

In the medium term supplies in China may exceed the supply in the EU. Maybe 60, and 100 billion cubic meters. At the stage of the negotiations – the study of the issue of pipeline gas from the Far East and the buildup of supplies along the western route. Miller also said that “Gazprom” is not considering the possibility of advance funding for the project “The Power of Siberia”.

In an interview with Chinese media, the Russian leader to explain why reduced world oil prices – due to the slowdown in the economy, and hence the energy consumption in a number of countries. Oil reserves in the developed countries – at historic highs. Impact and innovations in mining technology. Sometimes, however, “there is a feeling that energy pricing is just politics prevails.” “Actively used derivatives that repeatedly increase the volatility of oil prices. This situation, unfortunately, creates conditions for speculative actions and, as a consequence, for the manipulation of prices, depending on someone’s interests,” – said the president. “Steps we have taken are complex and long-term. They provide further diversification of the sources of growth and the structure of the Russian economy, and reducing over-dependence on the European market of hydrocarbons, including by increasing oil and gas exports to Asia-Pacific – said the President. – At the same time intend to optimize budget expenditures, monetary and fiscal policy “.