China National Petroleum Corporation and Russian oil monopoly are still on talks on a gas supply.

      According to the Moscow Times, China may pay $700 billion over 30 years for Russian gas under a long-term contract being negotiated by the countries. Russian Gazprom plans to supply China with about 68 billion cubic meters a year of natural gas.

      "For China, imports of Russian gas will provide a further pillar to prop up its rapidly growing gas market, which is already attracting growing volumes of liquefied natural gas by ship and receiving Turkmen gas via a pipeline", according to Reuters.

      

      

      izvestia.ru

      themoscowtimes.com

      reuters.com