World Bulletin: Russia-China new gas pipeline draws near

The proposed Altai natural gas pipeline project could ease the effects of western sanctions on the Russian economy, while China could gain from cheaper gas prices to meet its energy demand, experts said.

The Altai gas pipeline has been the subject of intergovernmental talks between Russia and China since 2006.

When the two countries could not agree on the price of gas in 2008, the project was indefinitely postponed. However, when the $400 billion agreement for the 'Power of Siberia' gas pipeline project was signed between Russia and China in May 2014, the Altai project came back onto the agenda once again and an agreement is expected to be signed this November.
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