Gazprom OAO Reportedly Gazprom and China National Petroleum Corporation (CNPC) will sign a 30-year natural gas delivery contract when Russia President Putin visits China next week - press
- The 30-year delivery contract between Gazprom and CNPC for 38 billion cubic meters of natural gas per year, with the potential to expand the annual capacity to 61 billion cubic meters
- Construction of the pipeline between China and Russia will likely begin by the end of the year, and with operations beginning in 2018.