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Russia and China get down to power talks

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Russia and China get down to power talks


The world’s largest energy producer has been pressing ahead with lucrative deals with the world’s largest energy consumer.

Russian President Dimitri Medvedev was in Beijing for the official opening of an oil pipeline that will see some 300,000 barrels per day making their way to China.

Medvedev said afterwards that the two countries are maintaining their strategic partnership to help them adapt to constant geopolitical changes.

With China trying to diversify its energy supply, there was also a deal for Russia to build two more nuclear reactors.

Any deal on gas supplies though will have to wait as there are still differences over pricing. China is looking to turn increasingly to gas and away from coal.

Russian officials said there was a mutual understanding for an eventual agreement, which would seal the relationship between the planet’s most energy-rich and energy-hungry powerhouses.

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