Subscribers

China strikes 2nd major gas deal with Russia

It is smaller than US$400b accord reached earlier this year

Sydney

CHINA has secured almost a fifth of the natural gas supplies it will need by the end of the decade after striking a second major deal with Russia.

Russian President Vladimir Putin and Chinese President Xi Jinping signed the gas-supply agreement in Beijing the day before US President Barack Obama arrived in the Chinese capital for the Asia-Pacific Economic Cooperation summit.

The deal is slightly smaller than the US$400 billion accord reached earlier this year, shortly after Russia's annexation...

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes