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Investments in the development of the Kovykta and Chayanda fields will amount to $ 75 billion
Investments in the development of the Kovykta and Chayanda fields will amount to $ 75 billion, taking into account the construction of the pipeline, including investments from the Chinese side will amount to at least $ 20 billion, said President Vladimir Putin.
The price of Russian gas for China under the contract between Gazprom and the Chinese CNPC is tied to the market price of oil and oil products and satisfies both parties, Putin stressed.
In turn, Energy Minister Alexander Novak noted that under the contract "an advance payment of up to $ 25 billion is possible." "This is provided as an option. But this is already a question for the Chinese side, how they will solve it at the level of their procedures. They are ready, they want," Novak said.
According to the minister, the first gas deliveries to China will begin under the contract in four years.