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Second export deal in the pipeline for China and Russia

A deal is in the works. But it would be a geopolitical coup for the Kremlin and a commercial one for Beijing

A second major gas deal between China and Russia, which would see gas piped from Russia’s huge West Siberia gasfields through China’s western provinces, could be done as soon as 2015 as Russia remains under heavy pressure from Western sanctions and China steps up its search for gas from abroad. It took more than a decade of tense negotiation for Beijing and Moscow to seal their first major gas pipeline trade deal, which was signed by presidents Vladimir Putin and Xi Jinping in Beijing in May. That deal will eventually see 38 billion cubic metres per year (cm/y) of gas shipped through the Power of Siberia pipeline from Gazprom’s large undeveloped East Siberia gasfields, across the northern b

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