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Putin reveals details of major Russia-China gas deal

American Women Suck
in News

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The Power of Siberia 2 pipeline will help boost supplies to over 100 bcm of gas a year, according to the Russian president

The Power of Siberia 2, a major gas project agreed by Russia and China earlier this week, will be based on market principles, with prices set by an objective formula rather than politics, Russian President Vladimir Putin has said.

Speaking to journalists in Beijing on Wednesday, Putin said the two countries had reached consensus on the deal. “This is not charity – we’re talking about mutually beneficial agreements based on market principles,” he stated.

The agreement on what has been described as the world’s biggest gas project was announced on Tuesday by Gazprom chief Aleksey Miller after a meeting in Beijing attended by Putin, Chinese President Xi Jinping, and Mongolian President Ukhnaagiin Khurelsukh.

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