Russia signs 30-year gas deal with China

Russian President Vladimir Putin 's 30-year gas deal with China has signed a multi - billion dollars.
Russia's Gazprom and China National Petroleum Corp (top) , the performance of the contract is 10 years .
Faced with the possibility of European sanctions on Ukraine crisis in Russia as it is for the gas was eager to find an alternative energy market .
No official price was given , but it is estimated to be worth over $ 400 billion .
News channel Rossiya Russian President Vladimir Putin said in a statement, " the price is satisfactory to both parties.
"It 's oil and petroleum product prices , all our international agreements with Western partners , particularly in Western Europe is tied to it are provided as our partners . , It cost a mere calibrated, the general formula . "
Gazprom shares on the news is increased by 2% .


   

Contract signed for a conference in Shanghai, starting around 2018, a year - east China's booming economy around 38 billion cubic meters of natural gas should provide .
The main reason is the price, and China is thought to be driving a hard bargain .
Over the past 10 years, he has found other suppliers of gas. Turkmenistan is now the largest foreign supplier of China's gas and piped natural gas imports from Myanmar last year began.
Alexei Miller , CEO of Gazprom , a new contract was " the biggest deal in the history of the USSR and Gazprom - . Kill more than 1,000 billion cubic meters will be delivered within the contractual