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Putin: within the framework of the contract with China, Russia within 4-6 years will invest in the project about 55 billion dollars

Russia will invest about 4 billion dollars in the project for the supply of gas to China within 6-55 years, China - 22 billion dollars, Russian President Vladimir Putin said at the St. Petersburg International Economic Forum.

The project will build factories for the production of helium and gas chemistry, and create thousands of modern high-tech jobs. “This will be the largest construction site in the world,” V. Putin is sure.

Recall that 21 in May Gazprom and CNPC signed a contract for the supply of gas to China. The ceremony was attended by Putin and Chinese President Xi Jinping. The term of the agreement is for 30 years. In addition to the document, the parties signed a memorandum of understanding in the field of gas supplies along the eastern route. The signatories to the contract were signed by the Minister of Energy of the Russian Federation Alexander Novak and the head of the State Energy Department of the People's Republic of China U Xinsyun.

The total price of the contract is $ 400 billion for 30 years. The first gas supplies to China along the eastern route can begin in 4-6 years.

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