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9

Russia To Supply Large Quantity of Gas to China

The agreement came as part of a raft of economic deals signed between the two sides

Russia and China have settled a contract to deliver gas through pipes from Siberia to China.

Officials said the pipelines, which could begin supply within five years, would deliver up to 80bn cubic metres of gas annually.

The agreement came as part of a raft of economic deals signed between the two sides during the visit to Beijing of Russian President Vladimir Putin.

But there was no deal on a separate pipeline to deliver Siberian oil.

Gazprom's chief Alexei Miller said that the timeframe and the scale of the deal had been agreed with China's oil and gas company, CNPC, but he said the financial details were yet to be negotiated.

The two sides have signed 15 agreements to promote commercial co-operation, including four relating to the energy sector.