The Russia-China gas pipeline deal has hit a roadblock as Beijing insists on paying a price close to Russia's subsidized domestic rate. China is only willing to commit to purchasing a fraction of the pipeline's planned capacity of 50bn cubic meters of gas, causing the negotiations to stall. Despite pleas from Putin, Xi declined to attend the Ukraine peace summit.
An update of “friendship without limits”: China had asked to pay close to Russia’s heavily subsidised domestic prices and would only commit to buying a small fraction of the pipeline’s planned annual capacity of 50bn cubic metres of gas.
#Russia-#China gas pipeline deal stalls over Beijing’s price demands - https://t.co/Jq9dIHopht
FT: Russia-China gas pipeline deal stalls as Beijing plays hardball over prices #TomorrowsPapersToday https://t.co/2eyg53KI6F
Russia-China gas pipeline deal stalls over Beijing’s price demands, as Xi ignored Putin’s pleas for closer economic support (but did bow to his request not to attend the Ukraine peace summit) https://t.co/7XMb7cb5XC @ft w crack team @maxseddon @NastyaStognei & @leahyjoseph
We found out why Russia and China can't agree on the Power of Siberia-2 gas pipeline. China wants to pay close to the subsidized Russian domestic price and will only commit to buying a fraction of capacity: with @NastyaStognei @HenryJFoy @leahyjoseph https://t.co/0offI4HZS9
RUSSIA-CHINA GAS PIPELINE DEAL STALLS OVER BEIJING'S PRICE DEMANDS - FT
Russia-China gas pipeline deal stalls over Beijing’s price demands https://t.co/wq8n6E3DgI