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ECONOMY
THIS WEEK> THIS WEEK NO. 47, 2014> ECONOMY
UPDATED: November 15, 2014 NO. 47 NOVEMBER 20, 2014
Energy Agreement
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China and Russia signed agreements on November 9 to boost their energy cooperation, including a memorandum of understanding (MOU) to develop a second route to supply China with Russian natural gas.

Chinese President Xi Jinping and his Russian counterpart Vladimir Putin witnessed the signing of a series of bilateral cooperation agreements, including an MOU of the China-Russia West Route natural gas pipeline and a framework agreement between China National Petroleum Corp., China's largest oil and gas producer, and Russia's energy giant Gazprom.

The two countries have seen broader and closer feasible cooperation in new situation, according to the two leaders.

They agreed to push forward the construction of the east route gas pipeline as scheduled, launch the west route at an early date, negotiate major oil projects in an earnest manner and discuss new cooperation projects of nuclear power and hydropower.



 
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