The long-awaited meeting between Chinese President Xi Jinping and Russian President Vladimir Putin came and went without agreement on a massive natural gas deal that reportedly would have seen Gazprom supply China with 38 million cubic meters of natural gas each year.
Both sides remain optimistic that the 30-year, $400 billion deal will be finalized in due time. Putin said he was pleased to hear that “the two sides have made significant progress in the price negotiation of the east-route of the natural gas project.” He also expressed Russia’s hope for closing the deal at an early date. A joint statement between China and Russia promised to deepen their bilateral energy cooperation, including what Xinhua called a promise to “kick-start Russia’s supply of natural gas to China as soon as possible.”
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