Russia’s Gazprom Hails New 30-Year Gas Deal With China as Sign of Strengthening Ties

Russian energy giant Gazprom PJSC has announced a 30-year supply deal with China that will increase the amount of natural gas it pipes to its neighbor from fields in Russia’s Far East, in what the firm said was a sign of Moscow’s close ties with Beijing.

In a Friday statement, Gazprom, which is majority owned by the Russian government, said that the deal will allow it to annually deliver 10 billion cubic meters of gas to China National Petroleum Corp. (CNPC) via the Far Eastern pipeline, increasing the firm’s total piped gas sales to China to 48 billion cubic meters a year at maturity.