• 5 hours Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 10 hours British Utility Companies Brace For Major Reforms
  • 14 hours Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 16 hours Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 17 hours Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 18 hours OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 19 hours London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 20 hours Rosneft Signs $400M Deal With Kurdistan
  • 22 hours Kinder Morgan Warns About Trans Mountain Delays
  • 1 day India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 1 day Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 2 days Russia, Saudis Team Up To Boost Fracking Tech
  • 2 days Conflicting News Spurs Doubt On Aramco IPO
  • 2 days Exxon Starts Production At New Refinery In Texas
  • 2 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 3 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 3 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 3 days China To Take 5% Of Rosneft’s Output In New Deal
  • 3 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 3 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 3 days VW Fails To Secure Critical Commodity For EVs
  • 3 days Enbridge Pipeline Expansion Finally Approved
  • 3 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 3 days OPEC Oil Deal Compliance Falls To 86%
  • 4 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 4 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 4 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 4 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 4 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 4 days Aramco Says No Plans To Shelve IPO
  • 6 days Trump Passes Iran Nuclear Deal Back to Congress
  • 7 days Texas Shutters More Coal-Fired Plants
  • 7 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 7 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 7 days Chevron Quits Australian Deepwater Oil Exploration
  • 7 days Europe Braces For End Of Iran Nuclear Deal
  • 7 days Renewable Energy Startup Powering Native American Protest Camp
  • 8 days Husky Energy Set To Restart Pipeline
  • 8 days Russia, Morocco Sign String Of Energy And Military Deals
  • 8 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
Are Oil Stocks Close To A Breakout?

Are Oil Stocks Close To A Breakout?

As oil markets continue to…

Russia and China Close to Concluding a Natural Gas Supply Contract

Russia and China Close to Concluding a Natural Gas Supply Contract

Summing up the results of Russian-Chinese negotiations in Beijing Russian Federation Prime Minister Vladimir Putin told journalists that the two nations were close to signing a major natural gas contract, saying, "We are approaching the final stage of the work to supply natural gas to the Chinese market."
 
Russian Federation Deputy Prime Minister Igor Sechin said that Russia and China had made significant progress in agreeing the price terms of the natural gas contract, stating, "We have made significant progress in (terms of) the price parameters," adding that a "road map" for developing gas cooperation and "an analysis of the consumption balance, supply sources and Gazprom's place in the supply structure" would be finalized before the end of October, Russkoe Informatsionoe Agentsvo Novosti reported.

As for transit volumes, Sechin stated that Gazprom could supply at least 30 billion cubic meters of natural gas to China annually.
 
China is now the world's largest energy consumer, while Russia is tied with Saudi Arabia for first place as the planet’s biggest energy producer. In 2009 China and the Russian Federation concluded an initial deal on Russian natural gas deliveries but the agreement faltered over pricing issues, with the Russian Federation pressing for higher fees and China demanding lower purchase costs.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News