China, Russia Sign Energy Accords, No Gas Price Breakthrough

Nov. 23 (Bloomberg) -- China and Russia agreed to expand oil, coal and nuclear power cooperation as economic growth in the Asian country drives energy demand while talks continued on gas pricing to start exports.

The neighboring countries are unlikely to reach a price agreement before mid-2011, Russian Deputy Prime Minister Igor Sechin said today in St. Petersburg where Chinese Premier Wen Jiabao met his counterpart Vladimir Putin.

Russia’s nuclear power plant builder, ZAO Atomstroyexport, signed a contract to construct a third and fourth nuclear reactor at China’s Tianwan complex, at a ceremony presided over by Wen and Putin. Wen is scheduled to meet with President Dmitry Medvedev in Moscow tomorrow, the Kremlin said on its website. More at:
http://www.businessweek.com/news/2010-11-23/china-russia-sign-energy-accords-no-gas-price-breakthrough.html

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