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Russia will spend $ 55 billion and earn $ 400 billion on gas supplies to China
The head of Gazprom, Alexei Miller, in an interview with the Vesti program, spoke about the conditions for Russian gas supplies to China.
"We will earn $ 30 billion in 400 years, spending only $ 55 billion. This is in relation to the extent to which this contract is profitable, and to what extent its price is attractive for us," he said.
According to him, the contract provides the standard rate of return on production and transportation projects, which is in force at Gazprom.
Miller also added that this contract begins a new stage of competition for Russia's gas resources between the largest markets.
He noted that negotiations on gas with China were "difficult", as Russia sought to implement infrastructure projects in Eastern Siberia
“You have to understand that this contract will be based on new infrastructures that need to be built. First of all, this is an impulse for the development of those settlements, those cities that already exist in Eastern Siberia, Yakutia, and the Irkutsk region. These are new jobs, huge investments, and, of course, social infrastructure, "the head of Gazprom stressed.