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Russia%27s+Putin+signs+30+year+gas+deal+with+China
Wednesday, 21 May 2014 - 18:35
Russia's Putin signs 30 year gas deal with China
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China and Russia have announced a huge gas supply contract. The deal between Russia's Gazprom and China National Petroleum Corp has been 10 years in the making.

No official price has been given but it estimated to be worth over 400 billion dollars.

Russia has been keen to find an alternative energy market for its gas as it faces the possibility of European sanctions over the crisis in Ukraine.

The agreement is expected to deliver some 38 billion cubic meters of natural gas a year eastward to China's burgeoning economy, starting around 2018.
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