© Voice of Russia
"We and the Russian government are holding negotiations with Chinese partners. The price formula, volumes have been determined and, perhaps, in the next month or two we'll come to certainty," Golubev said at an international oil and gas forum in Irkutsk.
He added that Gazprom CEO Alexei Miller is expected to visit China within this timeframe. Golubev said the issue of shipping gas to China from the Kovykta and Chayanda fields is being considered.
"On the price, there is no certainty yet with China," he said. It was reported earlier that Russian leaders are scheduled to visit China on May 20 and a contract could be signed then. Russia and China have already been negotiating for ten years on the price of gas supplies, but have still not managed to reach an agreement.
Russia wants to supply gas to China with the same return as it does to the European market, but China, where domestic prices are still regulated, does not want to take the losses. Growing political tensions between Russia and the European Union have observers believing that this time Russia has more incentive to reach a deal with China.
The 30-year contract would see Russia supply 38 billion-60 billion cubic meters of gas annually along the Eastern route.
Russia intends to send in a dentist to answer the EU's sanctions. Pulling teeth out of the paper tiger.
Asia can come out on top, as Russia has an alternative market, even though they might not get the price they would out of the EU. China needs the natural gas to aid it in cleaning up it's coal-fired act.
Ironically, the US could frack and ship, but that's not going to get to market in time if Russia and China move quickly, and the pollution walks it's way back to the US.
All because little boys in high places never grew up.