#AceBreakingNews – BEIJING – Nov.09 – President Vladimir Putin and Chinese leader Xi Jinping have signed a memorandum of understanding on the so-called “western” gas supplies route to China.
The agreement paves the way for a contract that would make China the biggest consumer of Russian gas.
Russian President Vladimir Putin and Chinese leader Xi Jinping will discuss new gas supply routes at their meeting in Beijing on Sunday, RIA Novosti reports.
In May, Russia’s Gazprom and China’s CNPC signed a 30-year contract for Russia to deliver 38 billion cubic meters of gas a year via the eastern route of the “Power of Siberia” pipeline.
There’s also a plan to supply China with 30 billion cubic meters of gas every year via a western route, of the “Altay” pipeline.
Speaking to journalists on the eve of his visit to China, Putin was optimistic that he would be able strike a deal on the western route with Beijing, saying that a lot of aspects of the supplies have already been agreed upon.
The deal on the western route NOW signed, China WILL replace Germany as Russia’s biggest gas customer.
All in all, 17 business and political agreements have been prepared for signing at the Beijing meeting between Putin and Xi.