Gas deal: Russia/China8 Feb 2022 11:26
“And a step forward was made in the gas industry,” he added, referring to a new contract to supply 10 billion cubic metres (bcm) per year to China from Russia’s Far East. Putin was in Beijing to attend the Winter Olympics.
The gas sales alone could generate around $37.5 billion over 25 years, according to Reuters calculations, assuming an average gas price of $150 per 1,000 cubic metres as reported by Russian gas giant Gazprom for its current deal with China.