China, Russia sign new 30 Bcm/year framework gas deal using western route Singapore (Platts)–10Nov2014/1228 am EST/528 GMT Russia and China have signed a framework agreement which envisages an additional 30 billion cubic meters of gas delivered annually to China using the western Altai route, nearly doubling current proposed shipments. The latest agreement between state-owned Gazprom and China National Petroleum Corp. was signed over the weekend following a meeting between China’s President Xi Jinping and Russia’s President Vladimir Putin on the sidelines of the Asia-Pacific Economic Cooperation Summit in Beijing. It comes just months after both companies signed a landmark deal in May for Gazprom to send up to 38 Bcm/year of gas from East Siberia to China through the future Power of Siberia pipeline, beginning as early as 2018. The 30-year supply deal is worth an estimated $400 billion. […]