China, Russia October to finalize natural gas price Putin's October visit to China

Yesterday's signing of the gas sector cooperation memo China to provide 700 million U.S. dollar loan to Russia Mr Putin's October visit to China Wu Jiajun after an unprecedented "loan for oil" deal with Russia, which signed a memorandum of cooperation on gas in the past.　　Russian Deputy Prime Minister Sechin revealed that China and Russia will hold intergovernmental consultations in October on specific cooperation in the area of gas, and that a relevant intergovernmental agreement will be drafted if necessary.　　Alexander Ananinkov, vice president of Gazprom, said the contract to supply the "Altai" gas price for the next 4 years would be signed in October this year. The agreement comes as Chinese President Hu Jintao visits Russia. In addition, Russia will participate in the second phase of China Tianwan nuclear Power plant construction project and China's fast commercial reactor construction project.　　The Russian foreign economic Bank and the China Import and Export bank also signed a credit framework agreement amounting to USD 700 million.　　The two heads of state also gave a timetable for the protracted development of the Russian Far East and the revitalization of the Northeast China Program: the end of 2009.　　It is also reported that Russian Prime Minister Vladimir Putin will be invited to visit Beijing this October. "The pricing problem is not that simple" in a memorandum of cooperation between China and Russia on the gas sector, Russia says it is willing to meet China's demand for natural gas, which includes exporting natural gas to the Chinese market and other countries in the Asia-Pacific region, and establishing a unified mining, transportation and supply system for natural gas in eastern and western Siberia and Far East.　　Gazprom was designated by the Russian Government as the focal person for the implementation of the plan. Earlier yesterday, Ananenkov told a news conference that Russia was unable to deliver natural gas to China as planned in 2011 because the two countries had yet to agree on the price of gas. "Negotiations are still under progress, but prices have not yet been agreed," he said. This work cannot be completed by 2011. "In March 2006, the two countries agreed to implement the" Altai "gas pipeline project and plan to deliver natural gas to China in 2011. Ananenkov said the "Altai" project aims to transport Gazprom's gas supply system to China from the Siberia and the reserves base in northeastern Siberia.　　He said: "As long as the price, we start construction, but the problem is not so simple, sellers always want to sell a bit higher, and buyers always want to be cheaper." At the same time, the Russian gas industry bank and the China Import and Export bank signed a credit agreement yesterday to provide financing for China Honghua Petroleum Equipment Co., Ltd. and Shandong Yantai Jerry Oil Service Group Co., Ltd. to export drilling equipment to Russia. The agreement provided for financing China's $300 million worth of equipment exported to Russia. According to the agreement signed, the financing time limit can reach 7 years.　　The equipment to be exported to Russia is used by Russian and foreign oil and gas companies to carry out large-scale projects in east and West Siberia Siberia. According to the plan, the Chinese and Russian companies will be in the future on the basis of export financing, the Russian natural gas industryWith the participation of the Bank and China Import and Export Bank, we continue to cooperate in the supply of equipment.　　China, Russia build power station in addition, Russian companies have been given the opportunity to participate in the construction of coal-fired power plants.　　China and Russia also regard the further cooperation in the field of atomic energy as the priority direction of economic cooperation, and are satisfied with the achievements of the cooperation in this field, and will launch the second phase construction project of Tianwan nuclear power station and the construction project of the Chinese fast-neutron commercial reactor. In addition, the Russian Renova company and China Gold Group also signed a memorandum of understanding.　　The Russian Ministry of Economic Development and the Chinese Ministry of Commerce signed a bilateral trade memo to encourage electromechanical products and innovative products.　　After the meeting between Chinese President Hu Jintao and Russian President Dmitry Medvedev, the two countries issued a statement saying Russia and China are establishing a mechanism to use their respective currencies as a bilateral trade settlement unit.　　"We agreed to take additional measures in this regard, including revising existing legal documents and issuing special orders to the Ministry of Finance and the central bank," he said.　　"As long as we set the price, we start construction, but the problem is not that simple, sellers always want to sell a little higher, and buyers always want to be cheaper." --Alexander Ananinkov, vice president of Gazprom