WESTERN sanctions have tipped the balance of Russia's energy relations with China in Beijing's favour, an advantage that the Chinese side is pressing to win trade deals on its terms and gain direct access to some of Russia's largest oil- and gasfields. In May, Gazprom and China National Petroleum Corporation (CNPC) finally signed a long-negotiated 30-year gas trade deal that Gazprom's chief executive Alexei Miller valued at $400 billion, but only after Russia appeared to make major concessions on price.
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