GAS: IMPORTANT DEAL
Chinese President Xi Jinping finally granted his Russian counterpart a long-awaited gas supply contract on Wednesday, ending a decade of negotiations during which China's economic growth tilted the bilateral balance of power in Beijing's favour.
Under the terms of the $400bn agreement, Gazprom will supply China National Petroleum Corp with 38bn cubic metres of natural gas over a 30-year period. For Vladimir Putin, the deal offers an opportunity to reduce Russia's reliance on European customers, aggrieved by Moscow's annexation of Crimea and destabilisation of eastern Ukraine.
"At least symbolically, [the Russians]…
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