Russia-China gas deal preparations in ‘final phase’ says Putin: Xinhua

By: American Decency Staff

SHANGHAI (Reuters) – Preparations for an agreement on long-awaited Russian natural gas exports to China have entered "the final phase", China's state-run Xinhua news agency on Monday quoted Russian President Vladimir Putin as saying ahead of a two-day visit to Shanghai.

"For Russia, implementing these agreements means diversifying gas supply destinations, while for our Chinese partners … it could be a remedy for energy shortages and helps ecological security," Xinhua quoted Putin as saying in an interview with Chinese media ahead of the May 20-21 visit.

A deal after nearly two decades of talks would secure the world's top energy user a key chunk of supply as demand for the cleaner burning fuel is set to surge.

To Read More:  Click Here

---