Russia has signed a 400-billion-dollar natural gas supply deal with China.
Officials from Russia’s state-controlled firm Gazprom and the China National Petroleum Corporation signed the contract in Shanghai on Wednesday. Russian President Vladimir Putin and Chinese President Xi Jinping attended.
A spokesperson for Gazprom says under the contract, the company will supply natural gas to China through a new pipeline over a period of 30 years.
China’s official Xinhua news agency reports the shipments will begin in 2018.
China’s official Xinhua news agency reports the shipments will begin in 2018.
Russian and Chinese officials have been negotiating the shipment of gas to China for a long time.
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