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China May Sign Deal to Import Russian Gas Before Hu’s Visit


A source working in the energy industry revealed that a new plan outlining targets for the development of the renewable energy sector over the coming 5 years has already been submitted to the State Council. The final plan includes a doubling of the official target for the development of solar capacity target from the original 5GW mentioned in earlier draftd to 10 GW.
Source
China Securities Journal
http://202.108.6.220/cgi-bin/get_file.pl?file=201106034
Google translation
http://translate.google.com.hk/translate?hl=zh-CN&sl=zh-CN&tl=en&u=http%3A%2F%2F202.108.6.220%2Fcgi-bin%2Fget_file.pl%3Ffile%3D201106034
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China, the world’s biggest energy consumer, may sign a deal to import Russian natural gas ahead of President Hu Jintao’s visit to Russia later this month, Assistant Foreign Minister Cheng Guoping said.

China, seeking to boost consumption of cleaner-burning gas to cut carbon emissions and rely less on coal, has held talks with Russia on gas shipments by pipeline for at least 14 years. Russia, which became China’s largest trading partner in 2010, aims to sign a 30-year gas supply contract on June 10, Russian agency RIA Novosti reported at the end of last month.

Source
Bloomberg

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