Russia's Gazprom agrees gas volumes for China
MOSCOW – Russia's Gazprom will sell 30 billion cubic metres (bcm) per year of Russian gas to China under a deal signed with China National Petroleum Corp (CNPC) on Monday, Gazprom said in a statement, Reuters reported.
The agreement sets the beginning of deliveries at end-2015, take-or-pay volumes, the time it will take to reach full annual volumes and guaranteed payments.
It also envisages Chinese investment in gas processing facilities in Russia which would make up part of the export infrastructure, the statement said.
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