30 years agreement on gas supply signed by Russian Gasprom and Chinese CNPC
Astana. May 22. KazTAG - 30 years agreement on gas supply to China has been signed by Russian Gasprom and CNPC, reports rbc.ru.
"Gasprom and CNPC have signed a contract on gas supply to China. The term of the agreement- 30 years," reads the message.
In addition the parties have signed a memorandum on mutual understanding in the field of gas supply via the Eastern route. The document has been signed by Minister of Energy Alexander Novak and head of state energy department of China U. Sinsun.
The cost of the contract has not been made public.
Gasprom shares grew up by 2% at the Moscow stock exchange after the agreement was signed.