Russia, China Ink USD 400 Bln Worth Gas Delivery Deal

After a decade of negotiations Russia and China have finally signed a deal for Gazprom to deliver its gas to China and it is estimated to be worth over $400 billion.

According to BBC News, the agreement signed at a summit in Shanghai sees Russia deliver some 38 billion cubic meters of natural gas a year eastward to China, starting around 2018.

Russia was looking to expand their market and turn towards East due to the Ukrainian crisis.

Reuters reports that a major stumbling stone might be China’s inability to pay a lump sum upfront in order to cover infrastructure costs and that part of the deal is yet to be resolved.

LNG World News Staff, May 21, 2014; Image: Gazprom

Share this article

Follow LNG World News


<< Apr 2019 >>
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.


More info

read more >