The Russian media is reporting an indefinite delay in the final signing of the contract for Russia’s state-run Gazprom to supply China with gas through a new Siberian pipeline because of a decline in Chinese demand for the fuel. The lower demand stems from an economic slowdown in China, reducing the country’s need for gas, as well as the increased availability of liquefied natural gas (LNG) from countries such as Australia. This is according to Valery Nesterov, an analyst with the Moscow investment bank Sberbank, who spoke in an interview published July 22 in the Russian-language financial newspaper Vedomosti. In …read more
Source: Business Insider
