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Gas deal supplies energy diversification

Industry specialists speculate that the price could be about $300 per 1,000 cubic meters, close to Russia's export price to Europe but higher than China's gas imports from Central Asia.

Under the pact, Gazprom will be responsible for upstream exploration, gas processing and pipeline construction inside Russia, and its Chinese partner CNPC will build pipelines inside China and all supporting and storage facilities.

China, the third-largest natural gas consumer in the world, used up to 168 billion cubic meters of natural gas in 2013, an annual increase of 13.9 percent. But it depends on other countries for 30percent of its supply.

Questions:

1. How much is the gas deal worth?

2. How many cubic meters of gas did Russia export to Europe last year?

3. Wang Xiaokun is analyst for domestic consultancy group?

Answers:

1. $400 billion USD

2. 160 billion cubic meters

2. Sublime China Information

About the broadcaster:

Lance Crayon is a videographer and editor with China Daily. Since living in Beijing he has worked for China Radio International (CRI) and Global Times. Before moving to China he worked in the film industry in Los Angeles as a talent agent and producer. He has a B.A. in English from the University of Texas at Arlington.