Russia, China set gas price for potential deal: paperMay 19, 2014 - 14:29 AMT PanARMENIAN.Net - The final price for Russian gas under a potential new deal with China will be set at $350-380 per thousand cubic meters, Russia's Izvestia newspaper reported Monday, May 19, citing a source in energy giant Gazprom. “Despite the predictions that China will receive considerable discounts, the final price for gas will be ‘around average European,’ which means approximately $350-380 per thousand cubic meters,” the source told Izvestia, according to RIA Novosti. The newspaper said Gazprom head Alexei Miller must “negotiate only one figure,” which is expected to be settled on Monday during talks with his counterpart in Chinese energy giant China National Petroleum Corporation. The source also revealed that Rosneft Head Igor Sechin will join the Russian delegation in China, while his company prepares a number of contracts for Russian President Vladimir Putin’s visit to Shanghai Tuesday. “The Rosneft leadership is going there to discuss the possibility of participation of Chinese companies [CNPC, Sinopec] in exploitation of continental and shelf deposits of Rosneft as well as projects on oil refining,” the source was quoted as saying. Putin will visit China on Tuesday to cement economic ties between the two countries, including on energy. During the visit, Gazprom and CNPC could agree on long-term gas supplies and increasing oil supplies. In the context of the current political standoff between Moscow and Brussels over the Ukrainian crisis and EU plans to decrease its dependence on Russian gas supplies, experts earlier predicted Gazprom could offer China a significant discount to sign a long-awaited deal. In March 2013, Gazprom and CNPC signed a memorandum of understanding on Russian gas supplies to China along the so-called eastern route via the Power of Siberia pipeline. Gazprom CEO Miller said the company could receive advance payment from China for the gas, which could start flowing as early as 2018. The project has been estimated to pump up to 38 billion cubic meters annually, which could later increase to 60 billion cubic meters. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |