06.09.2013 - 16:26 [ Economy Watch ]

Russia, China Close In On Multi-Billion Dollar Gas Deal

The terms were signed on Thursday by the heads of both companies in the presence of Presidents Vladimir Putin and Xi Jinping ahead of the G-20 meeting in St. Petersburg; defining “the volumes, start of deliveries, payments, ‚take-or-pay‘ amendment“ and other issues for the deal, but giving no further details on the actual price.