Russia-China Gas Deal Signed to Applause — and Skepticism | News | The Moscow Times:
"Hours after the long-anticipated signing of a 30-year multibillion dollar gas deal on Wednesday between Russia's Gazprom and China's National Petroleum Corporation, analysts poked holes in President Vladimir Putin's touting of the deal as a political triumph and a "milestone event," saying it would barely be profitable for the Russian corporation.
Gazprom CEO Alexei Miller declined to reveal the price per cubic meter of gas under the contract, calling it a trade secret, but judging by the overall volume and price of the deal — $400 billion for 38 billion cubic meters a year for 30 years — it would boil down to around $350 per thousand cubic meters.
"This is the biggest contract in the history of the gas sector of the former USSR," Putin said after the signing of the agreement in Shanghai during a meeting with Chinese President Xi Jinping, Reuters reported.
"Our Chinese friends are difficult, hard negotiators," he said."
'via Blog this'
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