Mikkal Herberg Quoted on Russian-Chinese Gas Deal
Li Seeks Russian Gas Deal
06/25/2012
Michael Lelyveld,
Radio Free Asia
China has reported big trade deals with Russia following the visit of Vice Premier Li Keqiang, but there has been no apparent break in a six-year standoff over gas supplies, experts say.
During his visit on April 26-30, Li announced that the two countries had signed 27 contracts valued at U.S. $15 billion, the official Xinhua news agency said.
While the Chinese side provided few details, the total includes a planned U.S. $4-billion joint investment fund to be launched in June by state-owned China Investment Corp. and the Russia Direct Investment Fund.
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Mikkal Herberg is a senior lecturer on international and Asian energy at the Graduate School of International Relations and Pacific Studies, University of California, San Diego. He is also the BP Foundation Senior Research Fellow for International Energy at the Pacific Council on International Policy and also serves as research director on Asian energy security at The National Bureau of Asian Research.
