The much-awaited signing of the biggest contract in the history of the former USSR's gas sector, as Russia's President named it, better known as the gas deal between Russia and China, has been welcomed by most analysts and market watchers.
The Russia-China gas project includes the construction of a new "Power of Siberia" pipeline that is due to connect China's northeast with Gazprom's line in the Pacific coast city of Vladivostok. The estimated cost of the pipeline is $77 billion, which makes it the world's biggest construction project.
Quite a few bits of the Russia-China gas contract puzzle remained unknown after the two sides inked the long-awaited deal. The key one is for sure the base price for the gas.
One of the world's biggest energy pacts, the newly-signed gas deal between Russia and China still contains a major intriguing component, and that is the base price for the gas to be supplied to China, which had been the stumbling block for all those ten years of negotiations.