China strikes 2nd major gas deal with Russia

It is smaller than US$400b accord reached earlier this year


CHINA has secured almost a fifth of the natural gas supplies it will need by the end of the decade after striking a second major deal with Russia.

Russian President Vladimir Putin and Chinese President Xi Jinping signed the gas-supply agreement in Beijing the day before US President Barack Obama arrived in the Chinese capital for the Asia-Pacific Economic Cooperation summit.

The deal is slightly smaller than the US$400 billion accord reached earlier this year, shortly after Russia's annexation...


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