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Saint Petersburg International Economic Forum 2014

Gazprom, CNPC agree on $25 billion advanced payment on gas contract

The price of Russian natural gas supplies to China under a landmark gas deal signed on Wednesday will equal about $350 per 1,000 cubic meters

Gazprom Export CEO Alexander Medvedev ITAR-TASS/Sergei Fadeichev

Gazprom Export CEO Alexander Medvedev

© ITAR-TASS/Sergei Fadeichev

ST. PETERSBURG, May 23. /ITAR-TASS/. Russian energy giant Gazprom and China National Petroleum Corporation (CNPC) preliminarily agreed on $25 billion advanced payment on the gas contract, Gazprom Export CEO Alexander Medvedev told reporters on the sidelines of the St. Petersburg International Economic Forum on Friday.

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