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Impact of $400 bil Russia-China oil-linked gas supply deal on China

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Listen: Impact of $400 bil Russia-China oil-linked gas supply deal on China

After over a decade of prolonged talks, Russia and China have finally inked a historic gas deal, with Gazprom supplying 38 bcm/year of gas to CNPC for 30 years from 2018. Mriganka Jaipuriyar, senior editor for Platts Oilgram News and Song Yen Ling, Platts senior writer for China, assess the implications for this gas supply deal on China, with the government estimating that Russian supplies would account for 10% of China's total gas demand by 2020.

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