Putin Seeks Chinese Gift as Oil Slump Sours Second Gas Deal
Will Oil, China Drive Putin to Desperate Measures?
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Russia’s energy pivot toward Asia faces its sternest test early next month when President Vladimir Putin visits Beijing amid slumping oil prices and concerns over China’s economic slowdown.
While Gazprom PJSC said on Aug. 18 that talks over a second natural gas supply contract with China are “showing good dynamics,” the Beijing government damped Russian hopes that a deal will be signed on Putin’s two-day trip starting Sept. 2.