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#FinancialTimes: Russia-China gas pipeline deal stalls over Beijing's price demands

#FinancialTimes: Russia-China gas pipeline deal stalls over Beijing's price demands
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Monday, 03 June, 2024, 17:24

Russia's attempts to conclude a major gas pipeline deal with China have run aground over what Moscow sees as Beijing's unreasonable demands on price and supply levels, the Financial Times reported on Sunday citing three people familiar with the matter.
China had asked to pay close to Russia's heavily subsidised domestic prices and would only commit to buying a small fraction of the pipeline's planned annual capacity of 50 billion cubic metres of gas according to the report.