China Russia’s Gas Deal Signed

china defence budget
  • China and Russia signed a gas deal estimated at nearly $4oo billion, culminating decade-long negotiations, for the annual supply of 38 billion cubic metres of natural gas.
  • For China, the deal provides a source for clean energy that it will receive through a pipeline from Siberia’s gas fields.
  • China had also pledged $ 20 billion investment in infrastructure and gas development in eastern Russia, further strengthening bilateral ties.
  • This deal comes in as Russia is keen to end its dependence on European markets, especially since the impositions of sanctions by the West.
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Exams Perspective:

  1. China Russia Bilateral Relations
  2. Energy Security
  3. Central Asia