Gazprom, Russia’s gas giant, and CNPC, China’s largest oil and gas company, are making big strides in coming to agreement on Russian trade of natural gas with China according to Xinhua.
The Russian trade deal with China is part of a strategic partnership the two countries entered into in 2004 which states that Russia will pipe 68 billion cubic meters of natural gas to China each by 2020.
As the Russia continues to forge energy deals to increase Russian trade, the country is poised to establish itself as a larger player in the globalized world as it once was during the cold war.
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