Russia signed deals to supply China with crude oil and liquefied natural gas, deepening the embrace between the world’s largest energy producer and the fastest-growing major economy.
OAO Rosneft agreed on long-term contracts to supply more than 2.6 billion barrels of crude oil to China National Petroleum Corp. over the next 25 years. The Beijing-based company also agreed to buy a 20 percent stake in OAO Novatek’s Yamal liquefied natural gas project, the first time a Chinese company will participate in a Russian gas-export project.
