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Russia-China gas deal worth USD 400 billion over 30 years

Russia-China gas deal worth USD 400 billion over 30 years

SHANGHAI -- Russia’s Gazprom and China’s CNPC have agreed on a deal on natural gas supplies to China, Itar-Tass is reporting.

The document was signed on Wednesday in the presence of Russian President Vladimir Putin and Chinese leader Xi Jinping.

China, Russia Announce Historic Thirty-Year Gas Supply Deal

Russia's energy giant Gazprom and Chinese CNPC have signed a huge gas deliveries deal estimated at USD 400 B, following talks between state leaders.

The deal is expected to pump 1.14 trillion cubic meters of gas into China over the next thirty years and will provide some 38 bcm yearly, a fourth or fifth of what is delivered to Europe for the same period. 

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