(MENAFN- Kuwait News Agency (KUNA)) Chinese President Xi Jinping and his Russian counterpart Vladimir Putin vowed to enhance energy cooperation on Sunday, China's official Xinhua News Agency reported from Beijing.
Strengthening energy cooperation is of great significance to safeguarding the two countries' energy security, the two leaders agreed during their meeting ahead of the Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting slated for Nov. 10-11, the report said.
Xi and Putin agreed to push forward the construction of the east route gas pipeline as scheduled, launch the west route at an early date, negotiate major oil projects in an earnest manner, and discuss new cooperation projects of nuclear power and hydropower, according to the report.
The two leaders also agreed to beef up cooperation in high-speed rail, high technology, aerospace and finance sectors.
Also on Sunday, the two countries signed agreements to boost their energy cooperation, including a memorandum of understanding (MOU) to develop a second route to supply China with Russian natural gas.
Xi and Putin witnessed the signing of a series of bilateral cooperation agreements, including an MOU of the China-Russia West Route natural gas pipeline and a framework agreement between China National Petroleum Corporation, China's largest oil and gas producer, and Russia's energy giant Gazprom.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.