Russia and China signed cooperation in energy sector

Noam Stiekema

The two of the BRICS partners Russia and China signed cooperation in energy sector, including cooperation in the gas field. These include a memorandum of gas supplies from Russia to China “western route” framework agreement between Gazprom and the China National Petroleum and Gas Corporation (CNPC), and the Memorandum of Understanding between Gazprom and Rus-Hydro […]

Russia China agreement

Russia China agreementThe two of the BRICS partners Russia and China signed cooperation in energy sector, including cooperation in the gas field. These include a memorandum of gas supplies from Russia to China “western route” framework agreement between Gazprom and the China National Petroleum and Gas Corporation (CNPC), and the Memorandum of Understanding between Gazprom and Rus-Hydro from Russian and China National petroleum Corporation shelf. The deals were signed in the presence of Russian President Vladimir Putin and Chinese counterpart Xi Jinping.

At the meeting, Putin and Jinping are united in the opinion that both parties must adhere to the line of cooperation despite changes in international relations. “Whatever changes are in the international situation, should stick to the line already occupied, to expand and deepen the comprehensive and mutually beneficial cooperation”, said the Chinese leader.

Putin emphasized the importance of cooperation between the two countries. “It is extremely important cooperation between Russia and China to adhere to international law world”, said Putin. Earlier this month, Putin has said that the two countries have “understanding in principle on the question of discovery of the western corridor of gas supply.” “It’s very technical and commercial parameters of the project have already been agreed and serve as a good basis for achieving definitive agreements”, he said on 6th October 2014.

Recall that in May Russia and China signed a 30-year cooperation agreement is energy worth 400 billion USD. Then in September Gazprom started construction of the pipeline “Power of Siberia”, which will have a length of almost 4,000 km and a capacity to transit of 38 billion cub m natural gas to China. The facility will be powered by gas mined near the cities of Irkutsk and Yakutsk. Beijing is expected to start construction of its section in the first half and in 2015, and the work could be completed as early as 2018 direct gas supplies to China are expected to start in 2019.

Read this next

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

<