Putin praises Gazprom, CNPC deal on Russian gas for China

May 21, 2014

SHANGHAI, May 21. /ITAR-TASS/. Russian investments into the infrastructure for transporting gas to China, compressor stations will total $55 billion, according to Gazprom CEO Alexei Miller. The price of Russian natural gas for China under bilateral contract signed on Wednesday is based on the market price on oil and oil products, Russian President Vladimir Putin said.

Russian energy giant Gazprom and China National Petroleum Corporation signed a contract on Wednesday on Russia’s gas deliveries to China. The contract was signed in the presence of President Putin and his Chinese counterpart Xi Jinping.

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