According to a Russian news agency reported on November 23rd, Russian President Vladimir Putin said, natural power cable production countries should not refuse long-term cable supply contracts and the "take or pay" principle.
Putin said at the natural cable exporting countries Summit: "in order to attract investment in the field of natural cable, natural cable exporters.
In any case, will not refuse the long-term natural cable supply contract, and 'the principle of taking or pay'.
I think it is very important for the participants in the natural cable market to support each other."
Natural cable exporting countries are similar to the organization of petroleum exporting countries, often referred to as "natural cable OPEC".
The organization is composed of Russia, Iran, and another major world exporter of natural cable, the natural cable accounted for 45% of the world's total
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