China, Russia's Gazprom sign gas supply agreement

Reuters News
Posted: May 21, 2014 5:44 AM

SHANGHAI (Reuters) - Russia's state-controlled Gazprom signed a long-awaited gas supply agreement with China on Wednesday.

There were no pricing details on the deal, which is believed to involve Russia supplying 38 billion cubic meters of gas per year to China via a new eastern pipeline linking the countries. It has been unofficially valued at over $400 billion.

(Reporting by Alexei Anishchuk, Writing by Chen Aizhu and Fayen Wong; Editing by Amran Abocar and Mike Collett-White)