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China And Russia Fail To Reach Agreement On Gas Plan

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Russia's President Vladimir Putin attends an agreement signing ceremony with China's President Xi Jinping during a bilateral meeting at Xijiao State Guesthouse ahead of the fourth Conference on Interaction and Confidence Building Measures in Asia (CICA) summit, in Shanghai, Tuesday, May 20, 2014. (AP Photo/Carlos Barria, Pool) | ASSOCIATED PRESS

BEIJING — President Xi Jinping of China and the Russian leader, Vladimir V. Putin, were unable to announce an agreement on a natural gas deal on Tuesday, despite high expectations that mutual political interests would help finally push through the project.

Instead, commercial concerns continued to dominate — specifically, the price of the gas, which China and Russia have been haggling over for nearly a decade. After the meeting between the two leaders, Mr. Putin’s spokesman, Dmitri S. Peskov, said that talks were continuing.

Read the whole story at The New York Times

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