Gas deal supplies energy diversification
<p><span word="Download">Download</span></p><p><span word="Energy">Energy</span> <span word="specialists">specialists</span> <span word="see">see</span> <span word="China">China</span>'<span word="s">s</span> <span word="new">new</span> <span word="deal">deal</span> <span word="to">to</span> <span word="import">import</span> <span word="natural">natural</span> <span word="gas">gas</span> <span word="from">from</span> <span word="Russia">Russia</span> <span word="as">as</span> <span word="a">a</span> <span word="costly">costly</span> <span word="but">but</span> <span word="necessary">necessary</span> <span word="step">step</span> <span word="toward">toward</span> <span word="energy">energy</span> <span word="diversification">diversification</span>.</p><p><span word="On">On</span> <span word="Wednesday">Wednesday</span>, <span word="President">President</span> <span word="Xi">Xi</span> <span word="Jinping">Jinping</span> <span word="and">and</span> <span word="his">his</span> <span word="Russian">Russian</span> <span word="counterpart">counterpart</span> <span word="Vladimir">Vladimir</span> <span word="Putin">Putin</span> <span word="oversaw">oversaw</span> <span word="the">the</span> <span word="conclusion">conclusion</span> <span word="of">of</span> <span word="the">the</span> <span word="decade">decade</span>-<span word="long">long</span> <span word="negotiations">negotiations</span> <span word="over">over</span> <span word="Russia">Russia</span>'<span word="s">s</span> <span word="gas">gas</span> <span word="supply">supply</span> <span word="to">to</span> <span word="China">China</span>.</p><p><span word="Under">Under</span> <span word="the">the</span> <span word="roughly">roughly</span> $400 <span word="billion">billion</span> <span word="USD">USD</span> <span word="pact">pact</span>, <span word="Gazprom">Gazprom</span> <span word="will">will</span> <span word="supply">supply</span> <span word="China">China</span> <span word="with">with</span> 38 <span word="billion">billion</span> <span word="cubic">cubic</span> <span word="meters">meters</span> <span word="of">of</span> <span word="gas">gas</span> <span word="annually">annually</span> <span word="for">for</span> 30 <span word="years">years</span>, <span word="starting">starting</span> <span word="in">in</span> 2018, <span word="through">through</span> <span word="the">the</span> <span word="planned">planned</span> "<span word="eastern">eastern</span> <span word="pipeline">pipeline</span>", <span word="which">which</span> <span word="will">will</span> <span word="connect">connect</span> <span word="Russia">Russia</span> <span word="to">to</span> <span word="China">China</span>'<span word="s">s</span> <span word="northeastern">northeastern</span> <span word="Heilongjiang">Heilongjiang</span> <span word="province">province</span>, <span word="and">and</span> <span word="from">from</span> <span word="there">there</span> <span word="connect">connect</span> <span word="with">with</span> <span word="the">the</span> <span word="industrialized">industrialized</span> <span word="cities">cities</span> <span word="along">along</span> <span word="China">China</span>'<span word="s">s</span> <span word="eastern">eastern</span> <span word="coast">coast</span>.</p><p><span word="Sun">Sun</span> <span word="Yongxiang">Yongxiang</span>, <span word="a">a</span> <span word="professor">professor</span> <span word="at">at</span> <span word="the">the</span> <span word="Euro">Euro</span>-<span word="Asian">Asian</span> <span word="Social">Social</span> <span word="Development">Development</span> <span word="Research">Research</span> <span word="Institute">Institute</span> <span word="of">of</span> <span word="the">the</span> <span word="State">State</span> <span word="Council">Council</span>'<span word="s">s</span> <span word="Development">Development</span> <span word="Research">Research</span> <span word="Center">Center</span>, <span word="said">said</span> <span word="the">the</span> <span word="strategic">strategic</span> <span word="partnership">partnership</span> <span word="between">between</span> <span word="China">China</span> <span word="and">and</span> <span word="Russia">Russia</span> <span word="has">has</span> <span word="to">to</span> <span word="be">be</span> <span word="based">based</span> <span word="on">on</span> <span word="big">big</span>-<span word="ticket">ticket</span> <span word="deals">deals</span>.</p><p><span word="The">The</span> <span word="signing">signing</span> <span word="of">of</span> <span word="the">the</span> <span word="gas">gas</span> <span word="deal">deal</span> <span word="shows">shows</span> <span word="Russia">Russia</span>'<span word="s">s</span> <span word="strong">strong</span> <span word="interest">interest</span> <span word="in">in</span> <span word="diversifying">diversifying</span> <span word="its">its</span> <span word="energy">energy</span> <span word="buyers">buyers</span> <span word="outside">outside</span> <span word="Europe">Europe</span> <span word="and">and</span> <span word="China">China</span>'<span word="s">s</span> <span word="interest">interest</span> <span word="in">in</span> <span word="diversifying">diversifying</span> <span word="its">its</span> <span word="energy">energy</span> <span word="supply">supply</span> <span word="structure">structure</span>, <span word="Sun">Sun</span> <span word="said">said</span>.</p><p><span word="Russia">Russia</span>, <span word="which">which</span> <span word="exported">exported</span> <span word="around">around</span> 160 <span word="billion">billion</span> <span word="cubic">cubic</span> <span word="meters">meters</span> <span word="of">of</span> <span word="gas">gas</span> <span word="to">to</span> <span word="Europe">Europe</span> <span word="last">last</span> <span word="year">year</span>, <span word="is">is</span> <span word="under">under</span> <span word="pressure">pressure</span> <span word="to">to</span> <span word="seek">seek</span> <span word="new">new</span> <span word="energy">energy</span> <span word="buyers">buyers</span> <span word="due">due</span> <span word="to">to</span> <span word="its">its</span> <span word="growing">growing</span> <span word="friction">friction</span> <span word="with">with</span> <span word="the">the</span> <span word="West">West</span> <span word="over">over</span> <span word="Ukraine">Ukraine</span>.</p><p><span word="Wang">Wang</span> <span word="Xiaokun">Xiaokun</span>, <span word="an">an</span> <span word="analyst">analyst</span> <span word="at">at</span> <span word="the">the</span> <span word="domestic">domestic</span> <span word="commodities">commodities</span> <span word="consultancy">consultancy</span> <span word="Sublime">Sublime</span> <span word="China">China</span> <span word="Information">Information</span>, <span word="said">said</span> <span word="the">the</span> <span word="new">new</span> <span word="supply">supply</span> <span word="from">from</span> <span word="Russia">Russia</span> <span word="will">will</span> <span word="increase">increase</span> <span word="the">the</span> <span word="share">share</span> <span word="of">of</span> <span word="natural">natural</span> <span word="gas">gas</span> <span word="in">in</span> <span word="China">China</span>'<span word="s">s</span> <span word="energy">energy</span> <span word="consumption">consumption</span> <span word="mix">mix</span> <span word="from">from</span> <span word="the">the</span> <span word="current">current</span> <span word="less">less</span> <span word="than">than</span> 6 <span word="percent">percent</span> <span word="to">to</span> 8 <span word="percent">percent</span>.</p>
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