Russia and China in Major Natural Gas Supply Pact

BY JAMES MARSON

MOSCOW—After more than a decade of talks, Russia has agreed to supply China with natural gas, a deal that could see China surpass Germany as the largest importer of Russian gas.

Officials Friday signed a raft of other energy agreements, including one to double Russian oil supplies and hand China’s state oil company a stake in Russian oil fields, tightening the nexus between Russia, the world’s largest energy producer, and China, the hungriest consumer.

Chinese President Xi Jinping, in Moscow on his first foreign trip as leader, called the accords a “breakthrough” at a signing ceremony in the Kremlin Friday. …

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http://timesofnews.co/2013/03/22/russia-and-china-in-major-natural-gas-supply-pact/