Russia's President Vladimir Putin (L) and his Chinese counterpart Xi Jinping shake hands at a summit in Shanghai(Reuters)
Russian energy giant Gazprom has signed a long-term agreement to supply China with natural gas.
Following more than a decade of negotiations between the two parties over pricing, the two sides sealed an agreement in Shanghai on Wednesday.
Russian state broadcaster RT reported that the deal will see Gazprom providing 38bn cubic metres of natural gas to China each year for 30 years, starting in 2018.
There were no official pricing details on the deal, which is believed to involve the construction of a new pipeline linking the countries.
RT quoted Gazprom CEO Alexei Miller as saying the price details are a "commercial secret".
The deal represents a diplomatic boost for the Kremlin, following widespread international condemnation of Russia's annexation of Crimea.
Gazprom shares rose almost 2% after the deal was announced on Wednesday.
More to follow...
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