Russia's Putin says to invest $55 billion in exploration, pipeline construction to China

Wed May 21, 2014 7:17am EDT
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SHANGHAI (Reuters) - Russia will invest $55 billion in gas exploration and pipeline construction to China, while Beijing will give roughly $20 bln to Moscow as part of the 30-year gas supply agreement, President Vladimir Putin said on Wednesday.

(Reporting by Alexei Anishchuk; Writing by Fayen Wong)

Russia's President Vladimir Putin (L) is greeted by his Chinese counterpart Xi Jinping before the opening ceremony of the fourth Conference on Interaction and Confidence Building Measures in Asia (CICA) summit in Shanghai May 21, 2014. REUTERS/Mark Ralston/Pool