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China, Russia Sign Major Gas Deal Worth $400 Billion

China and Russia signed a long-awaited, 30-year agreement for natural gas worth an estimated $400 billion on Wednesday, securing the world's top energy user a major new source of the clean-burning fuel, Chinese state media and the AP reported. The deal would see Russia supply 38 billion cubic meters (bcm) of gas to China each year for 30 years under a contract valued in excess of $400 billion, Reuters news agency reported. The gas will be transported along a new...

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