Russia – China pipeline deal and the Fourth Conference on Interaction and Confidence Building Measures in Asia

Xi Jinping at the Fourth Conference on Interaction and Confidence Building Measures in Asia

Xi Jinping at the Fourth Conference on Interaction and Confidence Building Measures in Asia

Xinhua reports:

Cambodian scholars said Thursday that the results of the 4th summit of the Conference on Interaction and Confidence Building Measures in Asia (CICA) in China’s Shanghai reflected leaders’ concerted commitment to building a region of peace, security, stability and development.

CICA summit, opened by Chinese President Xi Jinping on Wednesday morning, was the largest ever, gathering 11 heads of state, one government head and 10 chiefs of international organizations including Russian President Vladimir Putin, Iranian President Hassan Rouhani, Kazakhstan President Nursultan Nazarbayev, and United Nations Secretary-General Ban Ki-moon.

According to a joint declaration issued at the end of the summit, CICA’s members reiterated their collective desire to carry forward the spirit of solidarity, cooperation and mutual assistance, respect each other’s sovereignty, and seek common development and progress…

…Established in 1992, CICA now has 26 member states. It serves as a forum for dialogue and consultations and promotion of confidence building measures among its members on security and development in Asia, a land of great diversity.

On the sidelines of the summit, Russia signed a deal with China to deliver natural gas. Russia Today reported:

Russia has more than the estimated 3 trillion cubic metres in natural gas reserves in its gasfields, enough to last for 50 years, Russia’s President has said commenting on the 30-year $400 billion gas deal with China.

“This deal is for 30 years, while I think there’s enough supply for 50 years. They are underestimated. Extractable reserves at the two deposits that we would introduce – Kovykta and Chayanda – are 1.5 trillion cubic metres of natural gas reserves each. Which means in total there’s 3 trillion. In reality, I repeat, there’s more,” said President Vladimir Putin talking to the representatives of global businesses at the 18th International Economic Forum in St Petersburg.

Commenting on the historic gas deal with China, Putin said Russia has abundant gas resources to supply not only China, but also the Russian provinces.

“It’s very important for us. This project is multi-dimensional, because it gives us the opportunity… to develop the eastern provinces, to construct a branch gas supply system there,” Putin said.

Putin also said that both routes – eastern and western – through the Power of Siberia and Altai pipelines will be developed.

However, the price China has agreed to pay has not been made public and there is speculation that details are still to be negotiated, despite the symbolic announcement of the deal at a time of tension to Russia’s west and with China’s neighbours.

Links and sources

CICA Summit 2014 Special Page (English), 亚洲相互协作与信任措施会议第四次峰会
雷佳华彩亮相上海亚信峰会文艺晚会 传递和平之声
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CICA summit’s outcome shows leaders’ commitment to regional peace, security, development: Cambodian experts
China champions new Asian security concept: Xi
Xi: Asian nations voice capacity of taking lead in solving Asian affairs
China Daily
Gas deal with Russia offers longer-term security
Interview with Putin: Russia-China ties at highest level in history
China, Russia ink long-awaited gas deal
Japan Times / Bloomberg
How Putin won big in Chinese natural gas deal
Russia Today
Putin on Gazprom-China gas deal: Russia has enough resources for 50 years
American Enterprise Institute
Sino-Russian gas deal is largely fake
Liberation Daily
Global Times
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