Gazprom said on Wednesday that the Russian gas company had inked a long-awaited 30-year contract to supply natural gas to China.
Gazprom spokesman Sergey Kupriyanov confirmed the deal had been signed, but he declined to give any further details.
China's state news agency, Xinhua, described the supply contract as a "multi-billion dollar deal."
The gas deal is a financial and diplomatic boost for Moscow, which has been targeted over the Ukraine crisis.
Moscow and Beijing had been in negotiations for more than a decade, but had been unable to agree on the price.
Chinese President Xi Jinping held talks with his Russian counterpart Vladimir Putin in Shanghai before the planned signing of the gas deal.
Both Chinese and Russian officials are reported to had said they expected a deal to be agreed in time for it to be signed during Putin's two-day visit to the city for an Asia security summit.
Read more: Russia signs 30-year contract to supply natural gas to China | News | DW.DE | 21.05.2014
Gazprom spokesman Sergey Kupriyanov confirmed the deal had been signed, but he declined to give any further details.
China's state news agency, Xinhua, described the supply contract as a "multi-billion dollar deal."
The gas deal is a financial and diplomatic boost for Moscow, which has been targeted over the Ukraine crisis.
Moscow and Beijing had been in negotiations for more than a decade, but had been unable to agree on the price.
Chinese President Xi Jinping held talks with his Russian counterpart Vladimir Putin in Shanghai before the planned signing of the gas deal.
Both Chinese and Russian officials are reported to had said they expected a deal to be agreed in time for it to be signed during Putin's two-day visit to the city for an Asia security summit.
Read more: Russia signs 30-year contract to supply natural gas to China | News | DW.DE | 21.05.2014
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