Russia and China reach 30 year gas deal

BEIJING — China and Russia agreed to a major 30-year natural gas deal on Wednesday that would send gas from Siberia by pipeline to China, according to the China National Petroleum Corporation.

The announcement caps a decade-long negotiation and helps bring Russia and China closer than they have been in many years. The contract was driven to a conclusion by the presence in Shanghai over the last two days of President Xi Jinping of China and President Vladimir V. Putin of Russia.

...The deal was expected to be worth about $400 billion, said James Henderson, senior analyst at the Oxford Institute for Energy Studies.

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