Russia Sees China Moving Toward Primary Gas Market

Russia expects to supply as much natural gas to China in the future as it currently supplies to Europe, Russian President Dmitry Medvedev said on Sunday.

"It is obvious that the Chinese market can consume a considerably greater volume of energy products. This is what we are currently agreeing with our Chinese partners," Medvedev said at the Asia-Pacific Economic Cooperation Summit being held in Honolulu.

Russia can supply natural gas to China via the western and eastern routes, Medvedev said.

"Now we are continuing talks with our Chinese partners on the terms of natural gas supplies. As soon as they are over and the price is always the main issue, all the obstacles will be removed and gas will be supplied in large volumes," Medvedev said.

"I believe that the potential of pipeline gas supplies to China is comparable with the volumes we supply to the European part of our continent, to West European countries," he said.

Source: RIA Novosti