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Gazprom's $400 billion deal with China is the richest gas contract ever negotiated (Photo: kremlin.ru)

Russia-China deal overshadows talk of EU energy union

The EU's lack of a common energy policy costs the bloc €30 billion per year, Polish prime minister Donald Tusk told a conference of European energy experts on Wednesday (21 May).

But talks about the possibility of an EU energy union were immediately overshadowed by news that Russia and China have agreed a gas contract estimated to be worth over $400 billion (€300bn) over 30 years.

Signed off by Russian President Vladimir Putin at a summit in Shanghai, the 30-year contract with Chi...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Gazprom's $400 billion deal with China is the richest gas contract ever negotiated (Photo: kremlin.ru)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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