Russia, Cuba sign defense cooperation program until 2020Military & Defense December 09, 3:26
Putin jokingly suggests Russia should develop teleportationScience & Space December 09, 2:07
Russian investigators conduct searches across Russia over doping casesSport December 09, 1:52
Source: Postponing OPEC, non-OPEC meeting still option for RussiaBusiness & Economy December 09, 0:35
Sports arbitration court strips Russian boxer of 2016 Olympic silverSport December 08, 22:48
Russia, US military experts, diplomats to discuss Aleppo in Geneva on Dec. 10 - LavrovWorld December 08, 22:41
Lavrov says US voiced regret over shelling of hospital in Aleppo but somewhat hazilyRussian Politics & Diplomacy December 08, 21:48
Budget revenues from Rosneft privatization to be $11.1 bln — ministerBusiness & Economy December 08, 21:18
Lavrov, Kerry discuss militants’ withdrawal from Aleppo — Russian foreign ministryRussian Politics & Diplomacy December 08, 21:00
MOSCOW, August 2 (Itar-Tass) - Russia’s national gas utility Gazprom cannot reach a mutually beneficial contract with China National Petroleum Corporation (CNPC) because of China’s pricing policy.
“We consider China’s market, like the markets of other Asia Pacific countries, as the most dynamically developing and most attractive,” Gazprom’s deputy CEO Alexander Medvedev told the Russia Today television channel on Friday. “The cause of delays in the negotiating process - and so far we have no actual results - is very simple: China is still regulating and subsidizing gas prices.”
If China followed the market model, he noted, it would be much easier to conduct negotiations. “But the gap between China’s domestic prices and market prices in the region, including on imported liquefied natural gas, makes it impossible to reach a mutually beneficial solution,” Medvedev said. “The price situation in China is inadequate to market conditions.”
In October 2009, Gazprom and CNPC signed a framework contract on key terms for the supply of Russian natural gas to China. It provided for annual exports of up to 68 billion cubic meters of gas. In September 2010, the sides signed extended terms for gas supplies to China. In March 2013, Gazprom and CNPC signed a memorandum of understanding on cooperation on the project of pipeline gas supplies via the eastern route. Gazprom then said a countract would be signed by the end of 2013. But negotiations on the pricing formula are still underway.