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Main page > Comments > Fuel & Energy > Forget it, Vlad. It’s Chinatown Forget it, Vlad. It’s ChinatownMoscow and Beijing did not sign a massive gas supply deal that envisages construction of pipelines and long-term delivery contracts at the economic forum in St Petersburg on 17 July. Hardly a surprise since Russian gas monopoly Gazprom and China National Petroleum Company (CNPC) have failed to agree on a price for gas deliveries from Russia to China. “The problem with China is very simple. China does not want to pay enough money for Russian gas and that is why, of course, China is not a comfortable substitute to Europe,” Konstantin Simonov, the General Director of the National Energy Security Fund in Moscow, told New Europe. By Kostis Geropoulos New Europe, June 19, 2011
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