Putin praised the historic gas deal with China.

May 22, 2014 13:05

According to the Voice of Russia, Russian President Vladimir Putin stated that the contract between Russia's state-owned gas giant Gazprom and China National Petroleum Corporation (CNPC) has become the largest gas deal in the history of the former Soviet Union and Russia.

According to the Voice of Russia, Russian President Vladimir Putin stated that the contract between Russia's state-owned gas giant Gazprom and China National Petroleum Corporation (CNPC) has become the largest gas deal in the history of the former Soviet Union and Russia.

ITAR-TASS reported that during talks with Chinese President Xi Jinping, the Russian leader emphasized that implementing this document within four years would make it the world's largest construction project.

Chủ tịch Trung Quốc Tập Cận Bình và Tổng thống Nga Vladimir Putin trao đổi một thỏa thuận hợp tác trong cuộc hội đàm song phương ở Thượng Hải. (Nguồn: AFP/TTXVN)
Chinese President Xi Jinping and Russian President Vladimir Putin exchanged a cooperation agreement during bilateral talks in Shanghai. (Source: AFP/VNA)

The price of natural gas sold to China under the contract signed on May 21st between Gazprom and CNPC is linked to the market price of crude oil and petroleum products.

According to Russian Energy Minister Alexandr Novak, the first gas deliveries to China via the eastern pipelines could begin in 4-6 years.

According to VNA

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Putin praised the historic gas deal with China.
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