Russia: Historic 30-yr gas deal with China set to be signed next week — RT Business

Russia: Historic 30-yr gas deal with China set to be signed next week — RT Business:



"A historic, long-term deal for the delivery of Russian gas to China that has been 10 years in the making is 98 percent ready, Russia’s Deputy Energy Minister Anatoly Yanovsky has said. All that’s needed are the two countries’ signatures, he added.



"We hope that the negotiations will be completed as scheduled," Reuters quoted Yanovsky as saying.



Russian President Vladimir Putin is due in the Chinese capital next week where the nations are widely expected to sign the deal. The contract’s been in the making for the last 10 years and in March 2013 resulted in signing of a delivery memorandum between Russia’s Gazprom and China’s CNPC. The terms of the pipeline delivery contract outline Russia’s intention to supply China with 38 billion cubic meters of gas per annum for 30 years, starting in 2018."



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