Contents tagged with China

  • Chinese investor to build high-speed railways in Ukraine

    A major Chinese investor is willing to invest in the construction of high-speed railway lines that will connect Kiev-Lvov-Warsaw-Berlin and Kiev-Odessa

    Volodymyr Omelyan, the Minister of Infrastructure of Ukraine, said that his department is preparing to sign a memorandum with one of the largest Chinese investor companies to build high-speed railway lines connecting Kiev-Lvov-Warsaw-Berlin and Kiev-Odessa.

    "We are preparing to sign a memorandum with one of the largest Chinese investors on the …

  • Russian Gazprom to receive 2 billion euro loan from Chinese bank

    Gazprom and the Bank of China have signed an agreement granting the Russian gas monopoly a €2 billion loan for a period of five years as reported by the press service of the company.

    It is the largest funding deal coming directly from one credit institution in the history of Gazprom. It was also noted by the company that it was the first bilateral loan agreement with the Chinese Bank.

    In August 2015 Gazprom secured a loan from a consortium of Asian Banks for $1.5 billion at LIBOR + 3.5% for …

  • With no one to sell to, Gazprom cuts natural gas purchases from Turkmenistan

    The head of Russian natural gas giant Gazprom, Alexei Miller, recently reported to President Vladimir Putin that his company is able to harvest 617 billion cubic meters of gas annually, but last year it was able to sell only 444 billion, meaning the Public Joint Stock Company has a surplus of 173 billion cubic meters of natural gas.

    While western sanctions against Russia do not specifically target hydrocarbons, the conflict in Ukraine has undoubtedly led many western countries to turn to …