State energy giants Gazprom (GAZP.MM) and China National Petroleum Corporation (CNPC) signed several agreements on Tuesday, including on the use Russian roubles and Chinese yuan to pay for Russian natural gas supplies to China, Gazprom said. The agreements were in addition to a February deal between them to increase gas supplies from 2023 via the eastern route of a China-Russia pipeline, bolstering an energy alliance at a time of strained ties between Russia and the West over Ukraine and other issues. Gazprom CEO Alexei Miller said in a statement posted on its website that allowing for payments in Russian roubles and Chinese yuan was “mutually beneficial” for Gazprom and China’s state-owned CNPC. Russian President Vladimir Putin said on Wednesday that China would pay Gazprom for its gas based on a 50-50 split between the rouble and yuan. read more Gazprom, which has a monopoly […]