BEIJING, May 22 (Xinhuanet) -- China and Russia have signed a long-awaited gas deal worth more than US$400 billion, ending a decade of natural gas supply talks between the two countries.Two documents and a memorandum were signed at a ceremony in Shanghai attended by Chinese President Xi Jinping and Russian President Vladimir Putin.
According to a bulletin on the China National Petroleum Corporation’s website, the contract will come into effect in 2018. A new pipeline will provide China with 38 billion cubic meters of natural gas per year. The deal comes the day after the two leaders issued a joint statement that said that the two countries would "establish a comprehensive energy cooperation partnership."
(Source: CNTV.cn)
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