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We earn on a contract with China for 30 400 billion years of dollars, spending only 55 billion - Miller

On May 31, Gazprom CEO Alexei Miller gave an interview to the Vesti on Saturday program of the Russia 1 TV channel, in which he commented on the signing of a gas contract with China.

"This is not only a historic contract, but also a contract that is unique for the entire global gas industry, because gas history does not know such a large-scale contract with a volume of 38 billion cubic meters per year for 30 years," Miller said.

The head of Gazprom noted that Russia supplies over 40 billion cubic meters to West Germany, however, according to numerous agreements, which the two countries came to in almost forty years, "and China within one day became on a par with Germany."

The contract will have an impact on expensive projects and the construction of liquefied natural gas plants in Australia, Western Canada, and East Africa.

"The price issue is a trade secret," Miller said. - But I want to say that the agreement was reached only due to the fact that both sides - Russia and China - went towards each other. Let me stress once again: the contract on the terms on which it was signed could only be signed during the president's visit. The scale of the contract - we will earn 30 billion dollars in 400 years, spending only 55. This is in relation to the extent to which this contract is profitable, and to what extent its price is attractive for us.

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