China, Russia to negotiate 100 billion-dollar energy contract

Absrtact: Twists's Sino-Russian gas cooperation has made new progress. Chinese President Hu Jintao has met with Russian President Dmitry Medvedev to sign a memorandum of understanding on cooperation in the field of natural gas.　　Russia and China will hold intergovernmental consultations on specific cooperation in the energy sector in October, with a contract amount of $100 billion trillion, according to Russian sources. Twists China-Russia gas cooperation, has made new progress. Chinese President Hu Jintao has met with Russian President Dmitry Medvedev to sign a memorandum of understanding on cooperation in the field of natural gas.　　Russia and China will hold intergovernmental consultations on specific cooperation in the energy sector in October, with a contract amount of $100 billion trillion, according to Russian sources.　　Among them, CNPC and Gazprom have so far failed to reach an agreement on the gas price of the "Altai Gas pipeline project", which will be consulted in October. The contract amounts to 100 billion U.S. dollars, the Sino-Russian joint Statement of Moscow meeting 17th in Moscow.　　The Chinese and Russian heads of State stressed that a comprehensive push for cooperation in the fields of oil, gas, nuclear power and electricity marks a new level of strategic partnership between China and Russia. Russia and China will hold intergovernmental consultations on specific cooperation issues in the area of gas in October, which will include oil, gas and nuclear power, and the negotiated contract will reach $100 billion trillion, said Koschef, Russian Interfax news agency president of China Telecom. The consultation included the second phase construction of Tianwan nuclear power station and the construction of China Fast commercial reactor and the agreement on Gas and oil cooperation between CNPC and Gazprom.　　"To Koschef's argument, the reporter to the National Energy Bureau to verify that has not been confirmed."　　Guang, director of the Russian Institute of Central and Eastern Asia, said Russia had surpassed Saudi Arabia as the world's largest energy exporter for the first time in 2002, and that it played a pivotal role in global energy security, with only the oil and gas sectors accounting for 1/4 of G D p. In recent years, China has been accompanied by the adjustment of China's energy structure, natural gas as a clean energy, its consumption increased rapidly. 2002-2006 China's natural gas consumption grew by an average of 11.33%.　　Therefore, China and Russia in the oil and gas trade, will be sustained growth. No agreement on the price of natural gas sellers always want a higher price, and buyers always want to be cheaper.　　China and Russia have so far failed to reach an agreement on the gas price of the Altai gas pipeline project. China's oil and gas group, a person not to be named, told reporters that the two sides from the Russian-east Siberian Irkutskaya Obl. Kovacs gas field to the Chinese gas, to the Yakutia from the Far East to the Chinese gas, and then to March 2006, Russian President Vladimir Putin during his visit to China, CNPC and Gazprom agree to sign "Altai gas pipeline"Project ", a total of 68 billion cubic meters of air supply to the Chinese side through the western and eastern lines of the pipeline are proposed.　　The Long-awaited Sino-Russian gas partnership has been in talks for more than 10 years.　　However, as a potential source of natural gas to China, the production of giant natural gas Tiankovikta in eastern Siberia has been delayed, as is uncertainty about the ability of Gazprom to produce enough gas to fill the pipeline immediately.　This outstanding framework agreement will be resolved in the context of intergovernmental consultations between China and Russia in October on specific cooperation in the field of energy. Newspaper reporter Rongjinguang