Investigators identify Ukrainians involved in shelling of Russia’s territory in 2014Russian Politics & Diplomacy December 06, 10:00
Putin approves Russia’s information security doctrineRussian Politics & Diplomacy December 06, 8:49
WSJ: Syrian army is about to retake militant-controlled east AleppoWorld December 06, 8:48
OSCE chief says trip to Crimea possible after consultations with Moscow and KievWorld December 06, 8:25
Erdogan signs bill to ratify Turkish Stream projectBusiness & Economy December 06, 8:19
Russia, India to hold joint naval drills on December 14-21Military & Defense December 06, 7:36
YouTube, Facebook, Twitter, Microsoft team up to fight terrorism contentSociety & Culture December 06, 6:51
Russian hospital shelling 'cold-blooded murder' - Defense MinistryWorld December 06, 5:32
Some 100,000 Aleppo residents freed from rule of terrorists — Syria’s UN envoyWorld December 06, 5:04
The amount is similar to the earlier announced cost of the pipeline with an annual capacity of up to 38 billion cubic metres.
Construction would start as soon as the contract is signed, said Gazprom’s CEO Aleksey Miller. Gas should first be sold - this is the formula Gazprom had always stuck to, he said.
Miller described the deal as Gazprom’s so far major gas contract but declined to reveal the gas price referring to commercial confidentiality. The document granted the sides preferential tax regimes, he added.
Russian President Vladimir Putin told journalists in Shanghai works would start on the next day after the deal, as the sides would start to work on the western route for supplies from Western Siberia.
No strong growth in Gazprom stocks is to be expected over the short term as the contract with China had already been priced in. The gas holding’s stocks have already rocketed more than 20% from the local low of 122.8 rubles ($3.559 exchange rate fixed at May 21) per stock on April 28 to 149 rubles ($4.3) on Tuesday.