President Putin with President Xi Jinping
Media playback is unsupported on your device

China gas deal ‘politically important’ for Putin

Russia's President Vladmir Putin is in Shanghai as part of his first trip to China since President Xi Jinping took office.

A multibillion-dollar gas deal that has been in the works for a decade will be discussed. Pressure from the west over Russia's actions in Ukraine has meant Russia is keen to nurture a big new customer.

China is already Russia's largest single trading partner, with bilateral trade between the two giants coming to $90 billion dollars last year. But the two neighbours want to double that to $200 billion by the end of the decade.

Philip Andrews-Speed from the Energy Studies Institute at the National University of Singapore told the BBC's Rico Hizon that reaching a deal comes down to price.

  • 21 May 2014
Go to next video: Australian goat exports 'to double'