Russia Signs Oil and Gas Deals With China as Relations With the West Sour
- Gazprom to ship 10Bcm of gas per year to China via a new route
- Oil deliveries to China via Kazakhstan to continue beyond 2023
Vladimir Putin and Xi during their meeting in Beijing, on Feb. 4.
Photographer: Alexei Druzhnin/AFP/Getty Images
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Russia forged new long-term supply deals with China as the Kremlin aims to strengthen ties with the Asian nation amid souring relations with the West.
Energy giants Gazprom PJSC and Rosneft PJSC signed agreements with the world’s largest energy consumer as President Vladimir Putin met his Chinese counterpart Xi Jinping in Beijing ahead of the Winter Olympics. The two leaders are drawing their nations closer together, united by political, military and economic frictions with Europe and the U.S.