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Monday, 10 October 2011 - China and Russia to hold energy talks while Putin visits |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? 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Credit: Reuters/Yana Lapikova/RIA Novosti/Pool BEIJING | Mon Oct 10, 2011 10:18am EDT BEIJING (Reuters) - China and Russia will discuss a proposed gas deal during Prime Minister Vladimir Putin's visit to Beijing, but a Russian official said Monday that no agreement would be signed. Putin's two-day visit from Tuesday will be his first foreign trip since revealing plans to reclaim Russia's presidency. He could seek to narrow price disagreements that have stymied Russia settling a 30-year deal to supply China with up to 68 billion cubic meters of gas per year. Chinese Foreign Ministry spokesman Liu Weimin told a news conference that during the visit, Chinese Vice Premier Wang Qishan would hold a fresh round of energy cooperation negotiations with Russian Deputy Prime Minister Igor Sechin. The tortuous gas negotiations have been a reminder that, despite frequent professions of brotherly goodwill between Moscow and Beijing, relations are held back by mutual distrust, especially on the Russian side, extending back to the Cold War, when border disputes almost erupted in full-fledged war. Liu did not comment directly on any prospects for a gas agreement. The export chief of Gazprom, the Russian gas supplier, told Reuters last month that the five-year-old negotiations might not end this year. "Chinese-Russian energy cooperation is an important part of the two countries' strategic cooperation," said Liu. "The meeting between Deputy Prime Minister Sechin and Vice Premier Wang Qishan will allow more thorough exchanges of views on energy cooperation," he added. In Moscow, a senior government official said Putin had no plan to sign a gas pricing deal during his visit. "The signing of the gas pricing deal is not planned at this point," Yuri Ushakov, the government's deputy chief of staff, told reporters. He said a delegation of officials, experts and energy sector executives, headed by Sechin, was already in Beijing to discuss a wide range of issues, including future gas supplies. Russia wants to diversify its trade with China, which is expected to grow to $100 billion in 2020 from $59.3 billion in 2010. "This is very important for us. Our exports are massive but are mainly resource-based. We are not happy with it. We will discuss measures to correct this," he said. Putin and Chinese President Hu Jintao will discuss the Syrian issue after China joined Russia last week to block a proposed U.N. Security Council resolution that Western powers backed to condemn the bloody crackdown there, he added. Chinese ministry spokesman Liu did not directly comment on the contentious issue of a Chinese national whom Russian authorities last week said faced charges of suspected military espionage. The Chinese citizen is accused of trying to buy sensitive material on a Russian anti-aircraft missile system while working as a translator, Russia's Federal Security Service (FSB) said, according to the state-run RIA news agency. It said the suspect was detained in October last year. Prosecutors filed charges of espionage with the Moscow City Court last week. (Reporting by Chris Buckley; Additional reporting by Gleb Bryanski in Moscow; Editing by Jonathan Thatcher) World China Russia Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) Tiu wrote: You’re a word or two short of a heading on this one! I guess the author couldn’t make it up fast enough. Oct 10, 2011 9:37am EDT  --  Report as abuse See All Comments » Add Your Comment Social Stream (What's this?)   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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