Wednesday, May 21, 2014

China and Russia Sign Gas Deal

 

Gazprom Says Deal Worth $400 Billion Over 30 Years


May 21, 2014 7:18 a.m. ET

Breaking News
*Russia's President Vladimir Putin: China to invest at least $20 billion in Siberian gas fields, pipelines, news agencies report.
*Putin: Total cost of new fields, pipelines for China deal will be $55 billion
*Putin: Gas price in China deal linked to crude oil, oil products

Beijing and Moscow said they signed a much-anticipated contract to supply China with hundreds of billions of dollars worth of Russian natural gas following a decade of difficult talks.
Neither side released details about the price, long the major sticking point of a deal. The two s...

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